Why the NC Attorney General is objecting to Piedmont Natural Gas’ rate deal

The N.C. Attorney General’s Office says regulators should reject a settlement deal on Piedmont Natural Gas’ rate-hike request, arguing it allows the company more than $23 million a year in excess revenue and gives it too much time to repay $155 million owed to ratepayers.

The AG’s office filed its brief opposing the deal Wednesday with the N.C. Utilities Commission. That same day, Piedmont, the commission’s Public Staff and two industrial customer groups filed their proposal for the order…

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