Utilities Retreat as Risk Appetite Returns -- Utilities Roundup

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.

Hurricane Irma is expected to hit Puerto Rico and Florida, where it could wreak havoc on electricity supply and power installations.

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

(END) Dow Jones Newswires

September 06, 2017 17:13 ET (21:13 GMT)