Duke gets all clear on accounting investigation

The grand jury was investigating allegations that Duke Power under-reported its profits in order to avoid rate cuts. The probe stemmed from a 2000 audit by North Carolina and South Carolina utility regulators of Duke Power's financial reporting from 1998 to 2000, Duke said in a statement. Duke Power entered into settlement with the state utilities commissions in late 2002 and “acknowledged errors and areas of differences in professional opinions.” The US attorney notified Duke Power of its most

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