|March 18, 2013|
|11:43 EDT||DUK||Duke Energy Carolinas files request to raise electric rates 15.1%|
Duke Energy Carolinas filed a request with the Public Service Commission of South Carolina to increase electric rates by about $220M, for an overall increase of 15.1%. More than half of the request is driven by capital investments that Duke Energy Carolinas has made in the electric system, the company said. The company's request proposes an allowed return on common equity, or ROE of 11.25% with a 53 percent common equity component; the current allowed ROE in South Carolina is 10.5%. The South Carolina retail rate base is expected to be approximately $4.3B through the date of the hearings, the company noted.
News For DUK From The Last 14 Days
Check below for free stories on DUK the last two weeks.
|April 23, 2014|
|06:19 EDT||DUK||Duke 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 EDT||DUK||Duke 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 EDT||DUK||Duke Energy unit says incurred about $15M in costs from Dan River ash release |
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|April 15, 2014|
|07:57 EDT||DUK||Duke 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 EDT||DUK||NYC 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 EDT||DUK||Duke 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.