Utilities Up Amid Deal Activity -- Utilities Roundup

05/21/18 05:07 PM EDT

Shares of power-plant operators rose amid deal activity. NextEra Energy agreed to buy a utility and other Florida assets from Southern Co. for $5.1 billion in cash, as the largest utility company by market value continued its expansion. An increase in Treasury rates moderated late Monday, giving the utility sector another lift.

-Rob Curran, rob.curran@dowjones.com

 

(END) Dow Jones Newswires

May 21, 2018 17:07 ET (21:07 GMT)

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