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Utilities Down As Treasury Yields Rise — Utilities Roundup

Shares of power producers fell as Treasury yields rose in response to strong euro-zone and Chinese economic data.

Spanish utility Iberdrola plans to replace its two remaining coal-fired power plants with renewable energy projects as part of efforts to align itself with the Paris Agreement on climate change.

French power producer Suez said a planned overhaul to its corporate structure would generate cost savings.

Write to Rob Curran at rob.curran@dowjones.com

 

(END) Dow Jones Newswires

December 02, 2019 17:14 ET (22:14 GMT)

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