NC Utilities Commission

Court Orders Regulators To Reconsider Duke Rate Hike

Julie Rose — Fri, 12 Apr 2013 20:36:57 +0000

The North Carolina Supreme Court has ordered state utility regulators to go back and reconsider the rate hike it granted Duke Energy last year. Specifically, the court says North Carolina Utilities Commissioners failed to consider how the increase would affect customers in the midst of an economic downturn.

Duke's 2012 Earnings Bolstered By Higher Rates

Julie Rose — Wed, 13 Feb 2013 21:49:21 +0000

Duke Energy reported modest earnings for 2012 of about $3 per share – but the number would have been much lower if Duke hadn't raised electric rates in the Carolinas by 7 percent last year. WFAE's Julie Rose reports on this classic case of conflicting interests – where pain for ratepayers means profit for investors:

McCrory Could Re-shape NC Utilities Regulation

Julie Rose — Thu, 10 Jan 2013 14:02:01 +0000

Governor Pat McCrory has been busy in recent weeks filling his cabinet and top staff positions. And in at least three cases he's appointed former colleagues from his 28 years working at Duke Energy. That's led some to worry McCrory will follow the same pattern when he turns his attention to four impending vacancies at the North Carolina Utilities Commission, which is Duke Energy's primary regulator in the state. WFAE's Julie Rose takes a look now at this regulatory body McCrory has the opportunity to radically reshape.

CORRECTION APPENDED

Duke Shuffles Executives

Julie Rose — Tue, 18 Dec 2012 22:02:37 +0000

Another Progress Energy executive is out at Duke Energy in the latest personnel shuffle of the merged companies. A Duke Energy spokesman says changes required in a settlement with North Carolina utility regulators sparked a "domino effect."

Seven top executives are shifting titles and roles in what resembles a game of musical chairs.

Duke CEO To Retire In Settlement With Regulators

Julie Rose — Fri, 30 Nov 2012 12:49:04 +0000

Duke Energy CEO Jim Rogers will step down sometime next year as part of a settlement announced late yesterday that would resolve an investigation of the company's merger with Progress Energy. Angry North Carolina utility regulators launched the investigation when Duke's board abruptly fired the man they'd promised would lead the merged company - Progress CEO Bill Johnson.

WFAE's Julie Rose joined Morning Edition Host Duncan McFadyen to sort through the settlement.