RALEIGH: Cooper asks NC court to intervene in rate increase - WSLS 10 NBC in Roanoke/Lynchburg Va

Cooper asks NC court to intervene in rate increase

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Attorney General Roy Cooper is asking the N.C. Supreme Court to intervene once again on behalf of consumers. Attorney General Roy Cooper is asking the N.C. Supreme Court to intervene once again on behalf of consumers.
RALEIGH, N.C. -

Attorney General Roy Cooper is asking the N.C. Supreme Court to intervene once again on behalf of consumers in light of a decision to restore a rate increase sought by Duke Energy.

Cooper filed a brief late Thursday. He said the court has already ruled once that consumers must be considered when setting utility profits, but it still hasn't happened. He said when a second chance to get it right arose, the commission didn't consider consumers and approved the same rate increase.

The court reversed a commission decision to grant the rate increase and told it to look at the case again. The commission declined to hear new evidence and granted Duke Energy a 7.2 percent rate increase for customers and a 10.5 percent return on equity for shareholders.

Copyright 2014 The Associated Press. All rights reserved.

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