Duke Got Support For Rate Hike Via Kickbacks: Suit

Law360, New York (January 17, 2008, 12:00 AM EST) -- Duke Energy Corp. said Thursday that a putative class action accusing it of using a sham company to funnel kickbacks to Cincinnati-area corporate heavyweights as payment for abandoning their opposition to a rate increase is baseless.

The 14-page antitrust complaint that was filed Wednesday in the U.S. District Court for the Southern District of Ohio says that Duke gave illegal and unfair price breaks to certain large corporate customers at the expense of other consumers.

Charlotte, N.C.-based Duke fired back Thursday, saying that the allegations were...
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