Utilities Up on War-End Hopes -- Utilities Roundup

Dow Jones03-24

Shares of power producers rose as hopes for the end of the war reduced inflation fears and Treasury yields.

Utilities fell sharply last week due to rising inflation expectations, which pushed up Treasury yields.

French energy giant TotalEnergies said it would no longer develop any offshore wind-power projects in the U.S., bowing to efforts by the Trump administration to curtail a sector the president opposes. The French company reached agreements with the U.S. Department of the Interior to relinquish its leases at Carolina Long Bay and New York Bight, and will use roughly $920 million in reimbursements to invest in natural-gas production and other fossil-fuel activity in the U.S.

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

(END) Dow Jones Newswires

March 23, 2026 17:11 ET (21:11 GMT)

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