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Opening Glance: Utilities higher on strong dollar

By Associated Press

July 7, 2008

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Shares of utility companies opened higher Monday as a stronger dollar cut oil prices fell as much as $5 to under $141 a barrel as the dollar gained strength.

The Standard & Poor's 500 index advanced 9.72, or 0.77 percent, to 1,272.62.

Here is a look at how some utilities fared in morning trading:

American Electric Power Co. rose 14 cents to $39.70.

Pepco Holdings Inc. rose 30 cents to $25.43.

Consolidated Edison Inc. rose 33 cents to $38.50.

Southern Co. rose 11 cents to $35.43.

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DocumentId: 679332, ~/articles/articlehandler.aspx, 10/7/2008 8:39:03 AM,

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