Duke Can't Pass On $12M Storm Repair Bill, Ind. Court Says

Law360, New York (January 2, 2013, 1:42 PM EST) -- An Indiana appeals court on Friday upheld a state regulator’s decision that a Duke Energy Corp. unit could not attempt to pass on to customers nearly $12 million in repair costs following a 2009 ice storm, saying the regulator had adequately backed its ruling.

According to the opinion, the Indiana Utility Regulatory Commission had correctly denied Duke Energy Indiana Inc.’s request to use a deferred-accounting treatment for $11.9 million in repair expenses incurred from a January 2009 ice storm on rehearing, after initially granting the request,...
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