Duke Energy Q3 net income decreases

US-based Duke Energy has reported a net income attributable to the company of $109 million, or $0.08 per diluted share, for the third quarter of 2009, compared to $215 million, or $0.17 per diluted share, for the same period of 2008.

The company has reported operating revenues of $3.39 billion for the third quarter of 2009, compared to $3.51 billion for the same quarter of 2008.

Duke Energy has reported a net income attributable to the company of $729 million, or $0.56 per diluted share, for the first nine months of 2009, compared to $1.03 billion, or $0.81 per diluted share, for the corresponding period of 2008. Year-to-date operating revenues were $9.62 billion, compared to $10.07 billion for the first nine months of 2008.

Jim Rogers, chairman, president and CEO of Duke Energy, said: "I'm very pleased with our results through the third quarter. We continue to perform well in this recessionary climate, matching cost reductions with the declines we're experiencing in usage by our industrial customers.

"We are maintaining our commitment to operational excellence and strong credit and liquidity. Most importantly, we haven't lost focus on building our business for the long term, modernizing our fleet and achieving constructive regulatory recovery of our capital investments."

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