Duke saw improved results from all sectors of its business, led by regulated utilities that benefited from higher rates, warm weather that kept air conditioners humming and a state tax settlement. The second quarter of 2013 had milder weather by comparison.
Duke reported earnings of
Earnings adjusted for one-time items were
Duke increased its earnings guidance for the year from
"We continue to be able to control operating and maintenance (costs) and find efficiencies in our operations," said chief financial officer
Duke said last month it has agreed to pay
The agreement is contingent on regulatory approval and legislation to let the municipalities sell revenue bonds. The generating capacity that Duke will buy includes 500 megawatts of nuclear capacity, which is among Duke's cheapest generating options.
President and chief executive
"In the interim, as we discussed back in February and March in putting forward our comprehensive (disposal) plan, we are continuing to move forward on that plan and will make adjustments to it once the legislation is ultimately passed," she said.
Good wouldn't comment on the prospects of settling litigation against the company by
"We are cooperating fully with all the investigations that are occurring and also vigorously defending the company in all of the litigation and other investigative items," she said. Those issues, she said, "have the highest attention of the company."
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