RALEIGH North Carolina’s attorney general asked a regulatory panel Monday to stay a rate increase for Duke Energy that the state Supreme Court rejected earlier this month.
Attorney General Roy Cooper filed a motion Monday asking the N.C. Utilities Commission to stay the 7.2 percent increase it granted in January 2012. The increase raised electricity rates for 1.8 million households and businesses and would generate an extra $309 million in annual revenue for Duke.
“In other words, the commission should place consumers in the same position as they were before the commission granted the rate increase later found to be legally flawed,” Cooper wrote in the motion. “It would be inequitable, especially in these economically challenging times, for Duke to continue to collect rates from consumers pursuant to a legally deficient order while awaiting further proceedings following the reversal and remand.”Read the full article