SC Supreme Court ruling keeps Duke Energy from charging customers $180M in coal-ash costs

Duke Energy Corp. (NYSE: DUK) will take a pre-tax charge of up to $200 million against third-quarter earnings after the South Carolina Supreme Court agreed its utilities could not charge customers in that state about $180 million in coal-ash cleanup costs.

The S.C. Public Service Commission issued rate case orders in 2019 that rejected about $115 million in Duke Energy Carolinas coal-ash costs and $65 million for Duke Energy Progress. The commission contended those costs were incurred because the…


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