March 18, 2016, Volume 5, Issue 29

03/18/2016

Update: The evidentiary hearing on the reasonableness of the settlement reached between Duke and Staff that would allow Duke to recover from customers $19.75 million in shared savings for its 2013 and 2014 energy efficiency portfolio programs even though Duke did not meet the statutory benchmarks has concluded. OMA Energy Group witness John Seryak testified that the settlement should be disapproved because it does not benefit ratepayers, is not in the public interest, and contradicts important regulatory principles. With the hearing now over, briefing is underway.

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