State ex rel Utils. Comm'n v. Cooper, Att'y Gen.

JACKSON, Justice.

In this case we consider whether the order of the North Carolina Utilities Commission (“the Commission”) authorizing a 10.5% return on equity (“ROE”) for Duke Energy Carolinas (“Duke”) contained sufficient findings of fact to demonstrate that the order was supported by competent, material, and substantial evidence in view of the entire record. See N.C.G.S. § 62-94 (2013). Because we conclude that the Commission made sufficient findings of fact regarding the impact of changing economic conditions upon customers, we affirm. See id. § 62-94(b).

On 1 July 2011, Duke filed an…