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Stock Market & Financial Investment News

News Breaks
December 3, 2012
13:04 EDTDUKDuke Energy reaches settlement with North Carolina AG
Duke Energy announced that it has reached a settlement agreement with the North Carolina Attorney General. The agreement resolves all issues related to the matters under review by the attorney general regarding Duke Energy's change in president and CEO following the close of the merger between Duke Energy and Progress Energy on July 2. Some of the major details of the settlement include: the Attorney General will not object to the settlement reached with the NCUC; the Attorney General preserves all rights in future Duke Energy rate cases in North Carolina; Duke Energy will pay $250,000 to the Attorney General's office to defray fees and expenses related to the post-merger investigation; Duke Energy will designate a liaison in the company to communicate with the Attorney General on customer-related information.
News For DUK From The Last 14 Days
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April 23, 2014
06:19 EDTDUKDuke Energy estimates cost of coal-ash cleanup, WSJ reports
A Duke Energy executive told a North Carolina environmental commission that plans outlined by the company to address coal-ash in the state are estimated to cost $2B-$2.5B, the Wall Street Journal reports. Reference Link
April 22, 2014
16:27 EDTDUKDuke Energy updates N.C. legislative commission on coal ash
Duke Energy's North Carolina State President, Paul Newton, spoke before the N.C. Joint Environmental Review Commission, ERC, on the company's response to the Feb. 2 Dan River coal ash incident and its near-term and longer-term actions to address coal ash across the state. "Duke Energy is committed to working with policymakers and regulators to implement both short- and long-term solutions to coal ash management in North Carolina," said Newton. Newton told the ERC the company takes full responsibility for the Dan River incident. He also discussed the significant steps Duke Energy has taken on the site and in the river since the company's previous update to the ERC on Feb. 17.
April 17, 2014
17:19 EDTDUKDuke Energy unit says incurred about $15M in costs from Dan River ash release
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April 15, 2014
07:57 EDTDUKDuke board may face contentious meeting with directors targeted, FT says
California’s state pension fund and New York City’s retirement system jointly wrote to fellow shareholders urging them to withhold support for members of Duke Energy’s regulatory policy and oversight committee at the company’s upcoming shareholder meeting on May 1, citing the company's environmental record and poor relationship with regulators, said Financial Times. Reference Link
April 14, 2014
13:46 EDTDUKNYC Pension Funds, CalPERS vote against four Duke Energy directors
NYC Pension Funds and CalPERS announced that they will vote against four director nominees to Duke Energy's board for what the funds said was a failure to, "fulfill their obligations of risk oversight as members of a committee overseeing health, safety, and environmental compliance at the company." The funds cite the February coal ash spill into the Dan River in North Carolina, and said that they held a call to discuss concerns with management, and that their request to speak with the board was not passed on.
April 10, 2014
07:02 EDTDUKDuke Energy EPS, dividend growth could accelerate 2016-2018, says Bernstein
Bernstein believes that Duke Energy's EPS and dividend growth could accelerate from 2016-2018. The firm raised its price target on the stock to $78 from $77 but keeps a Market Perform rating on the shares.

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