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Duke Energy Doubles Earnings in First-Quarter 2013, Expects to Bring Major Projects Online this Year


Industry Segment: Power | Word Count: 562 Words

SUGAR LAND--May 6, 2013--Researched by Industrial Info Resources (Sugar Land, Texas)--Duke Energy Company (NYSE:DUK) (Charlotte, North Carolina), a leading U.S. electric power holding company, more than doubled its profits year-over-year in the first quarter of 2013. The company benefited from its merger with Progress Energy (Raleigh, North Carolina) last year, which significantly strengthened earnings, as well as favorable weather and stronger customer rates. Industrial Info is tracking about $75 billion in active projects involving Duke Energy.

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