Utility ETFs Could Get a Jolt If Positive Earnings Continue
August 06, 2008 at 14:30 PM EDT
Duke Energy Corp. (DUK) reported profits that have the potential to light up utilities exchange traded funds (ETFs). Second-quarter profits rose 20% after the price in electricity has gone up, in the Southeast and Midwestern United States. Jim Polson for Bloomberg reports that net income climbed $351 million, or 28 cents per share, and total revenue [...]