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Court rules Duke must cover ice storm costs

Associated Press
December 28, 2012
Keywords
Duke Energy, Electric, Energy & Environment, Utilities, Utility rates
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The Indiana Court of Appeals has upheld state regulators' rejection of Duke Energy's bid to pass costs it incurred during a 2009 ice storm onto its customers.

The Indiana Utility Regulatory Commission had found in 2010 that Duke Energy could pass onto ratepayers about $11 million in power-outage repair costs following a January 2009 ice storm. But the regulatory panel reversed that decision in 2011.

Duke Energy attorney Jon Laramore told the court during oral arguments this month that the panel's reversal was an "arbitrary and capricious action." He also said the IURC didn't explain how it reached two different conclusions based on the same evidence.

But the appeals court ruled Friday regulators didn't have to explain their different conclusion and said the evidence wasn't the same.

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  • Greedy?
    MikeyDecember 31, 2012 10:46 AM
    seems that Duke wants to have a 100% profit margin huh? pass all expenses onto the customers, help out the executives w/ there bonus's i'm sure too.
    Reply to CommentFlag Comment

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