North Carolina Approves Dominion Rate Base Expansion

Upon review of Dominion North Carolina Power’s petition for $63.66 million in additional revenues, the North Carolina Utilities Commission authorized the utility to increase its nonfuel base rates by $36.44 million. The commission rejected the company’s recommended ROE of 11.25 percent in favor of a 10.2-percent ROE instead. For the full story and more analysis, subscribe to Utility Regulatory News