Hot summer sends Duke profits soaring
The company earned $670 million, or 51 cents per share, up from $109 million, or 8 cents per share, during the same period a year prior. Revenue rose to $3.95 billion from $3.4 billion.
Analysts polled by Thomson Reuters expected 42 cents per share on $3.74 billion in revenue.
Looking ahead, the company boosted its full-year profit outlook to between $1.40 and $1.45 per share, from $1.30 to $1.35 per share. Analysts expect $1.34 per share.
"The key to Duke Energy's outstanding third quarter was the ability of our employees and our fleet to meet customers' energy demands during the summer's unrelenting heat," said James E. Rogers, chairman, president and CEO, in a statement.
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'For now, we're not touching it': Quebec closes door on nuclear power
MONTREAL - Quebec Premier François Legault has closed the door on nuclear power, at least for now.
"For the time being, we're not touching it," said Legault when asked about the subject at a press scrum in New York on Tuesday.
The government is looking for new sources of energy. In an interview with The Canadian Press at Quebec's official residence in New York, Legault said there are a number of avenues to explore:
- Energy efficiency.
- Negotiations with Newfoundland and Labrador over Churchill Falls and Gull Island.
- Upgrading existing dams and building new ones.
"Nuclear power is not on the agenda," he said.
Yet the premier seemed…