Duke Energy sues local company
Duke Energy Carolinas recently filed a lawsuit against a Mooresville excavating and paving company. The utility is seeking in excess of $70,000 related to an alleged incident that damaged an electric cable, court records state.
READ: FOP to move forward with no-confidence vote against Chief Jennings
DEC filed the complaint in Mecklenburg County last week against Pedulla Trucking Excavating & Paving Inc., according to court records. DEC claims that Pedulla Excavating in May 2022 damaged a primary electric cable at or near 1620 Flat River Drive. The Charlotte-based utility is accusing the Mooresville company of trespass and negligence.
Read more here.
WATCH: FOP to move forward with no-confidence vote against Chief Jennings
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Vodafone and Three merge to become Britain's biggest mobile network
Vodafone and Three have vowed to improve Britain's patchy 5G coverage after completing their long-awaited £15bn mega-merger. The two companies said they have closed the deal to create VodafoneThree, which is now the UK's largest mobile network operator with around 27m customers. Bosses said VodafoneThree will invest £11bn over the next decade to create one of Europe's most advanced 5G networks. This includes a £1.3bn capital expenditure pledge in the first year. Margherita Della Valle, chief executive of Vodafone Group, said: 'The merger will create a new force in UK mobile, transform the country's digital infrastructure and propel the UK to the forefront of European connectivity. 'We are now eager to kick off our network build and rapidly bring customers greater coverage and superior network quality. The transaction completes the reshaping of Vodafone in Europe, and following this period of transition we are now well-positioned for growth ahead.' It comes two years after Vodafone and Three owner CK Hutchison, which is owned by the Hong Kong billionaire Li Ka-Shing, first announced plans to merge their UK operations. The deal has been held up by a lengthy regulatory process amid concerns reducing the number of UK mobile network operators from four to three would push up prices for consumers. Unions and China-sceptic MPs also raised concerns about granting Hong Kong-based CK Hutchison access to critical national infrastructure and sensitive government contracts. However, the deal passed a national security review and in December the Competition and Markets Authority gave the green light to the merger. Vodafone and Three have made a number of legally-binding commitments, including the £11bn investment pledge and guarantees around some consumer tariffs. More recently, the launch has been delayed by negotiations between Vodafone and CK Hutchison over the terms of the deal. The newly-merged company will be 51pc owned by Vodafone, while Three will hold the remaining 49pc. Vodafone has an option to buy out Three's stake after three years. It will be led by Max Taylor, current chief executive of Vodafone UK, while Three's Darren Purkis has been appointed chief financial officer. Bosses said the combined company is expected to deliver cost savings of around £700m per year, unlocking more money for network investment. VodafoneThree's net debt is expected to be £6bn and the parent companies have agreed to contribute £800m of equity to support working capital requirements. Canning Fok, deputy chairman of CK Hutchison, said: 'As we have demonstrated in other European markets, scale enables the significant investment needed to deliver the world-beating mobile networks our customers expect, and the Vodafone and Three merger provides that scale. 'In addition, this transaction unlocks significant shareholder value, returning approximately £1.3bn in net cash to the group.'
Business Journals
3 hours ago
- Business Journals
First Bank's back-to-basics approach: How knowledgeable relationship managers turn challenges into opportunities
At First Bank, we're proud of our multi-generational, family-owned and St. Louis-based heritage. As a one-stop financial resource and strategic partner for businesses across various backgrounds and industries, we proudly help clients turn challenges into opportunities. In times of uncertainty, our counterparts will often focus on expense management, capital allocation, consolidation of business lines and management roles. The focus becomes on 'growth' markets, advisory fees and creation of industry-specialty groups with too few relationship managers covering vast geographic territories. Our team of experienced commercial lenders features expertise across various industries, including manufacturing, distribution, health care and wholesale sectors. With a commitment to understanding the unique challenges and opportunities within each vertical, our team strives to provide strategic, comprehensive services designed to foster growth and success. Offering a comprehensive, back-to-basics approach Bucking national trends, First Bank's go-to market strategy hasn't changed in 115 years. It's evolved, but at the end of the day, it's the same as it's always been. We offer 'back-to-basics banking,' build long-term relationships and help clients navigate uncertain times. With First Bank, you can expect to receive personalized, local service from a single point of contact from start to finish. With this comprehensive approach, we also have intelligence regarding our clients' vendors and customers. expand Possessing experience in unique, complex situations Complexity of the current economic environment is not unlike other challenges that we've faced and navigated throughout our history. As a stable, family-owned business, we have the experience to help you manage through it all. During times of uncertainty, it's wise to not put your entire banking relationship with only one provider. From our holistic advisory services to First Bank's Commercial Lending and Banking, we can expand your financial advisory team while not disrupting your main banking relationship. Together, we'll work to help you achieve your short and long-term goals. Below are some industry-specific scenarios, illustrating how we've supported clients in addressing their unique needs: 1. Distributor scenario During a national health and economic crisis, a First Bank client needed to make larger purchases from a primary vendor to maintain inventory allotment and improve margin opportunity. We understood this business needed to have temporary debt capital in order to move forward. First Bank stepped up to support this distributor with what they needed. After the crisis, the client normalized to a new, larger level of business maintaining enhanced margins. 2. Manufacturer scenario A First Bank client manufactures and supplies to an industry with few customers, multiple needs and evolving demands. First Bank understands the struggles of high fixed asset investment, changing volume and rising costs. There will always be the need to adjust mid-year when the forecast starts to deviate with the annual budget. 3. Family business scenario When a family business needs to work through the individual needs of each family member, a strategic partner can be an asset. When a First Bank client was expanding their manufacturing capacity, the owners needed to determine the future direction. First Bank stood by and continued to offer support as family owners determined their next steps. We continued to support family members and the business simultaneously. Serving clients across industries to achieve goals First Bank's relationship managers are industry agnostic and have a broad line of sight into multiple industries without having to go out of market to get industry expertise. Our experts are relationship-focused, know your business and support you through the ups and downs. By combining deep industry knowledge with a comprehensive suite of banking services, First Bank empowers our clients to navigate their unique challenges, pivot to overcome obstacles and achieve their business goals. Visit for more information on First Bank's Commercial Banking team and services. Member FDIC Possessing over 30 years of commercial and corporate banking experience, Skornia grew up working in a family-owned business. His expertise encompasses manufacturing, distribution, oil/chemical, commercial construction, technology and health care. He is a current member of Lutheran Senior Services Finance Committee and former board member of the Association of General Contractors. Skornia has a Bachelor of Science degree and an MBA from the University of Central Missouri. Contact him at or 314-277-4543.
Yahoo
4 hours ago
- Yahoo
Person seriously hurt in northeast Charlotte apartment shooting
CHARLOTTE, N.C. (QUEEN CITY NEWS) — One person is in the hospital after a shooting at a northeast Charlotte apartment complex. Medical personnel responded to the 8300 block of Paces Oaks Blvd in reference to a shooting, shortly after 10 p.m. Sunday. Officials say one person was transported to hospital with life-threatening injuries. Police have not said if any arrests have been made in this 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
