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Opening Glance: Utility companies higher



By AP
02 July 2008 @ 10:51 am EST

NEW YORK - Shares of utility and power generation companies traded modestly higher Wednesday, while the broader market was mixed after government report on factory orders, which helps give a picture of how higher energy prices are affecting customer demand, showed a modest 0.6 percent gain in May, in line with expectations.

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Quotes
PGN 42.22 -0.49
DUK 17.31 0.02
NRG 34.04 -0.14
D 40.94 -0.66

SYMBOL LOOKUP

The Standard & Poor's 500 index climbed 6.16, or 0.48 percent, to 1,291.07, despite higher oil prices.

Here is how some utilities are trading:

Progress Energy Inc. rose 39 cents to $42.08.

Duke Energy Corp. gained 20 cents to $17.47.

Dominion Resources added 79 cents to $48.47.

NRG Energy Inc. edged up 19 cents to $43.54.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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