Duke Energy Suffers Setbacks in Second-Quarter 2010, but Cites Strong Operational Performance, an Industrial Info News Alert

04 Aug, 2010 @ 05:20 am EDT

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SUGAR LAND, TX -- (Marketwire) -- 08/04/10 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Electric power company Duke Energy (NYSE:DUK) (Charlotte, North Carolina) reported a drop in net income for the second quarter of 2010, despite a slight increase in earnings, largely because of non-cash impairment charges of $660 million, the mark-to-market impact of economic hedges, and one-time corporate expenses. Net income was reported to be a loss of $222 million, compared to a gain of $276 million in the same period last year. Industrial Info is tracking 65 active Duke projects worth a combined total of more than $34 billion.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=164077, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to powergroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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