State ex rel. Utils. Comm’n v. Cooper

Duke Energy Progress filed an application with the North Carolina Utilities Commission requesting authority to increase its retail electric service rates and that rates be established using a return on equity (ROE) of 11.25 percent. The Commission entered an order approving an ROE of 10.2 percent. The Attorney General, who had intervened in the proceedings, appealed the Commission’s order. The Supreme Court affirmed, holding that the Commission made sufficient findings of fact regarding the impact of changing economic conditions upon customers and that these findings were supported by competent, material, and substantial evidence in view of the entire record. View "State ex rel. Utils. Comm'n v. Cooper" on Justia Law