Duke Energy Settles Carolinas Power-Monopolization Lawsuit (1)

Duke Energy Corp. and a rival power producer have agreed to settle a lawsuit that alleged the utility monopolized the wholesale power generation market across the Carolinas, just days before the dispute was set for trial.

Plaintiff NTE Carolinas II LLC and Duke on Friday filed a joint notice of settlement in the US District Court for the Western District of North Carolina, requesting the matter be removed from the court’s March 9 trial calendar.

Terms of the deal weren’t disclosed, and a separate document with details was filed under seal.

The deal would bring to an end a case ...