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News Breaks
March 18, 2013
11:43 EDTDUKDuke 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
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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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