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CHARLOTTE, N.C. – Duke Energy Corp. will take a $104.9 million second-quarter charge to help foot a $207.5 million settlement of claims it overcharged for wholesale electricity during the California energy crisis, the company said Tuesday. The Charlotte-based energy company said the pretax charge will…
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CHARLOTTE, N.C. – Duke Energy Corp. will take a $104.9 million second-quarter charge to help foot a $207.5 million settlement of claims it overcharged for wholesale electricity during the California energy crisis, the company said Tuesday.
The Charlotte-based energy company said the pretax charge will be reflected in results it is scheduled to release July 29.
The balance of the settlement will come from $102.6 million in previously announced reserve and associated offsets, Duke said.
Shares of Duke Energy fell 12 cents to close at $20.59 Tuesday on the New York Stock Exchange.
Duke Energy owns Maine Independence, a power generation facility located in Veazie.
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