Duke Energy posts strong Q3 earnings despite $165M charge from coal-ash ruling

Duke Energy Corp. reported solid third-quarter earnings as overall power demand returned to pre-Covid levels. It beat analysts’ expectations for earnings despite delivering lower-than-expected revenue.

The company took a $165 million charge against earnings due to the South Carolina Supreme Court ruling that its Carolinas utilities cannot recover about $180 million in coal-ash cleanup costs from customers in that state. 

That was partially offset by close to $60 billion in gains from what will…


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