NC justices uphold order that led to rate rise

Published August 20, 2014 8:10pm ET



RALEIGH, N.C. (AP) — North Carolina electric power regulators were justified in their decision that previously allowed a Duke Energy subsidiary to raise the bills of average residential customers of the former Progress Energy by $88 per year, the state Supreme Court ruled Wednesday.

With no dissenting opinions, the justices agreed there was enough evidence to demonstrate the state Utilities Commission’s conclusion last year that a specific profit margin for Duke Energy Progress was defensible.

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