Utilities Steady Amid Earnings Optimism -- Utilities Roundup

Features Dow Jones Newswires

Shares of power-plant operators held steady amid optimism about earnings reports.

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Next Era Energy ticked up after the owner of Florida Power & Light posted quarterly operating earnings growth, despite massive outages from Hurricane Irma.

Sempra Energy's proposed $9.45 billion takeover of Oncor, a Texas electricity-transmission business, is drawing skepticism from Ken Anderson, a regulator who was a key critic of two earlier suitors whose offers were killed by the state. Mr. Anderson, a commissioner with the Texas Public Utility Commission, raised concerns about Sempra's rising debt levels and exposure to risks in its overseas businesses.

-By Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

October 26, 2017 17:14 ET (21:14 GMT)