Utilities Down As Treasury Yields Rise — Utilities Roundup
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Dow Jones
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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