Duke Energy took a $142 million charge in the fourth quarter to cover severance costs for voluntary and involuntary job reductions the company acknowledged it will implement this year. Operations and maintenance costs hit Duke pretty hard in 2015, taking about 18 cents out its diluted earnings per share. Chief Financial Officer Steve Young says a part of that comes from an accounting change in the Carolinas in 2014 that alters how Duke treats the cost of planned refueling outages at its nuclear…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/blog/energy/2016/02/duke-energy-takes-142-million-charge-for-job.html
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