Market economies march forward. It’s how they deliver better products and services, enabling them to weather what is often unforgiving and competitive climates. The individual businesses unable to make such adjustments are shunted aside while the bold yet nimble ones get ahead.
No where is this maxim truer nowadays that in the utility business, and by extension, its once go-to fuel: coal.
To this end, Duke Energy is working hard on making the transition from a 20th Century utility that had vested in older fuels to a 21st Century energy company that is investing heavily in the new economy — the one focused on renewable generation, modern grid technologies and natural gas assets.
“We have been on a portfolio transition path,” says Steve Young, chief financial officer, in an interview with this writer after the company announced on Thursday its impressive 2016 second quarter results: $1.07 per share compared to 95 cents for the same time period last year.
from Forbes – Tech http://ift.tt/2b3KKBy
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