Advertisement
Singapore markets close in 7 hours 56 minutes
  • Straits Times Index

    3,272.72
    +47.55 (+1.47%)
     
  • Nikkei

    38,266.64
    +714.48 (+1.90%)
     
  • Hang Seng

    16,828.93
    +317.24 (+1.92%)
     
  • FTSE 100

    8,044.81
    +20.94 (+0.26%)
     
  • Bitcoin USD

    66,782.21
    -335.27 (-0.50%)
     
  • CMC Crypto 200

    1,435.41
    +20.65 (+1.46%)
     
  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     
  • Dow

    38,503.69
    +263.71 (+0.69%)
     
  • Nasdaq

    15,696.64
    +245.33 (+1.59%)
     
  • Gold

    2,334.80
    -7.30 (-0.31%)
     
  • Crude Oil

    83.46
    +0.10 (+0.12%)
     
  • 10-Yr Bond

    4.5980
    -0.0520 (-1.12%)
     
  • FTSE Bursa Malaysia

    1,561.64
    +2.05 (+0.13%)
     
  • Jakarta Composite Index

    7,110.81
    -7,073.82 (-49.87%)
     
  • PSE Index

    6,506.80
    +62.72 (+0.97%)
     

Ohio court blocks Duke Energy charges for cleanup

Ohio Supreme Court blocks Duke Energy from collecting pollution cleanup costs from customers

COLUMBUS, Ohio (AP) -- The Ohio Supreme Court has temporarily blocked Duke Energy Corp. from charging customers for pollution cleanup at its deactivated manufactured-gas plants.

In a 4-3 ruling Wednesday, the court stayed a regulatory order allowing the company to pass the cleanup costs on to its 420,000 natural gas customers. The Public Utilities Commission of Ohio decision meant Duke could charge each residential customer about $100, on average, over a five-year period.

The stay was jointly requested by the Office of Consumers' Counsel, Ohio Manufacturers' Association, the Kroger Co. and Ohio Partners for Affordable Energy.

A Duke spokesman says the ruling was procedural and didn't address the substance of the case.

Justices recently ruled American Electric Power collected $368 million in unjustified charges from customers but that those charges need not be refunded.