Progress Energy third-quarter earnings declined 29% on the idling of the company’s synthetic fuel plant. Duke Energy reported higher net income than a year ago, due to a joint venture partnership with Morgan Stanley Real Estate Fund. NRG Energy recorded higher quarterly net income versus a year-ago net loss, thanks to the mark-to-market gains. KeySpan said that its third-quarter net income more than doubled on a 6.5% fall in revenue because of lower operating and maintenance costs.
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