HomeMay 7, 2012
Duke Energy Retail Margins, Volumes Lower
Copyright 2012 EnergyChoiceMatters.com.
Duke Energy Retail experienced lower volumes and margins during the first quarter of 2012, versus the year-ago quarter, parent Duke Energy said in reporting earnings.
The decline in Duke Energy Retail volumes and margins resulted from implementation of market-based default service rates at Duke Energy Ohio, as such market-based SSO rates were more competitive with offers from alternative retail suppliers compared with the above-market SSO rates that had been in effect in the prior-year quarter.
The reduced Duke Energy Retail volumes and margins negatively impacted earnings at Duke's Commercial Power segment by $13 million, versus year-ago earnings.
The Commercial Power segmented posted first-quarter 2012 adjusted segment income of $30 million, compared to $52 million in the first quarter 2011.
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