News Summary: Duke earnings up on rate hike

Published August 2, 2012 8:30pm ET



GLOWING RESULTS: Duke Energy made $444 million on revenue of $3.58 billion in the quarter. Net income for Progress Energy, Duke recently acquired subsidiary, fell 64 percent to $63 million.

CHARGED UP: Duke profited from higher electricity rates in the Carolinas and lower storm damage costs.

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