By Associated Press June 30, 2009 | Comments (0)
Recs
Shares of some top construction companies are down at noon:
Fluor s fell $1.45 or 2.8 percent, to $50.70.
FosterWhl fell $.44 or 1.8 percent, to $23.44.
Quanta Services fell $.11 or .5 percent, to $23.12.
Shaw Group fell $.48 or 1.7 percent, to $27.15.
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By The Motley Fool
Rate base: The rate base is the amount of assets a utility is allowed to include in the calculation of the rates charged to users. Rate increases must be approved by a state utility board. The approved rate is normally based on a target return on the allowed rate base.
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