Duke earnings fall 24% on Crystal River nuclear charges

Duke Energy earnings fall 24 percent Duke Energy Crystal River nuclear Unit 3

In its second quarter earnings announcement, Duke Energy (NYSE: DUK) revealed that its net income fell 24 percent in the second quarter, due largely to charges related to the company’s nuclear endeavors.

Duke’s earnings of $0.48 per share in the second quarter of 2013 are down from $0.99 in the same period last year. The company blamed associated with a write-off of investments in the failed Crystal River 3 reactor project, as well as other costs, including $.08 per share “in charges related to a write-off of nuclear development costs….”

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