Utilities Higher on Earnings Optimism -- Utilities Roundup

Shares of power-plant operators recouped some of their recent losses amid optimism about earnings in the sector.

SCANA said it has been served with a subpoena by the Securities and Exchange Commission, related to an investigation into the construction of the VC Summer Nuclear Station, which SCANA stopped building earlier this year.

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Australia will drop a target to produce more energy from renewable sources as Prime Minister Malcolm Turnbull tries to lower power prices jolting his popularity and fueling instability in his government.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

October 17, 2017 17:58 ET (21:58 GMT)