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Closing Glance: Utility company stocks close higher

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May 2, 2008

NEW YORK—Shares of utility companies closed mostly higher Friday even as investor enthusiasm ebbed and flowed for a government report that showed the nation's employers cut far fewer jobs than expected last month.

Here is how some utilities fared:

American Electric Power Co. Inc. rose 22 cents to $45.09

Pepco Holdings Inc. rose 49 cents to $25.92

Consolidated Edison Inc. rose 27 cents to $42.49

Southern Co. rose 19 cents to $37.11.

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