Shares of utilities declined as investors sought out riskier areas of the market.
American Electric Power put its estimate of Hurricane Harvey damages at about $385 million, of which $95 million are related to operating and maintenance expenses.
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Hurricane Irma is expected to hit Puerto Rico and Florida, where it could wreak havoc on electricity supply and power installations.
-By Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
September 06, 2017 17:13 ET (21:13 GMT)