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….”

Subscribe to Nuclear Power International magazine

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...