Duke Energy, the state's biggest electric company, reported a second-quarter loss this morning despite a boost in revenue.
The Charlotte-based utility, with 1.8 million customers in this state, lost $222 million for the quarter ending June 30, compared to profits of $276 million during the same three-month period a year ago.
The reason for the loss was a depreciation in the value of the company's power plants in the Midwest. Duke sells electricity in three Midwestern states as well as in the Carolinas.
For more information on Duke, see our sister paper, The Charlotte Observer.
Progress Energy, based in Raleigh, reports second quarter earnings on Thursday morning.
John Murawski has been a full-time newspaper reporter since 1991, with stints at Legal Times and The Chronicle of Philanthropy (both in Washington, DC), The Philadelphia Inquirer and The Palm Beach Post (in South Florida) before arriving at the N&O in December 2004. At the N&O he covers energy (nuclear, coal, renewable, efficiency), hydralic fracturing (or "fracking"), public utilities (both electric and natural gas) and health care. His beat includes Progress Energy, PSNC Energy, Piedmont Natural Gas, PowerSecure International, GlaxoSmithKline, Merck, Novo Nordisk, Pfizer, Biogen Idec and others. You can reach him at 919-829-8932 or