A North Carolina appeals court panel ruled that the North Carolina Utilities Commission improperly allowed Duke Energy to recover over $17 million in fuel costs incurred two years prior. The panel determined that a state statute limits utility companies to recovering only fuel costs incurred during a one-year “lookback period.” This decision highlights restrictions on how far back utilities can claim fuel cost recovery.
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Duke Energy's $17M Fuel Cost Recovery Improper, Panel Says
A North Carolina appeals court panel ruled that the North Carolina Utilities Commission improperly allowed Duke Energy to recover over $17 million in fuel costs incurred two years prior. The panel determined that a state statute limits utility companies to recovering only fuel costs incurred during a one-year “lookback period.” This decision highlights restrictions on how far back utilities can claim fuel cost recovery.