Tuesday, May 8, 2007

UPDATE 2-Duke Energy meets expectations, reaffirms outlook

(Reuters) - Duke Energy, which merged with peer Cinergy in April of last year, said its first quarter profit benefited from the addition of the former Cinergy regulated utility operation in the Midwest, cooler winter weather, and higher international results.

Those earnings drivers were partially offset by $51 million in merger-related electricity rate reductions and lower bulk power marketing sales.


Read more at Reuters.com Bonds News

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