Williams v. Duke Energy
www.dukeclassaction.com



DISTRIBUTION TO ELIGIBLE CLASS MEMBERS IS COMPLETE

Pursuant to the Court's Order Granting Plaintiffs’ Motion For Class Distribution Order dated January 19, 2017, final payments were made to all Authorized Claimants whose claims were approved by the court for payment, in the manner and amounts approved by the court.

DESCRIPTION OF THE LAWSUIT

Anthony Williams, et al. v. Duke Energy International, Inc., et al., Case No. 1:08-cv-00046. Plaintiffs allege that from 2005 to 2008 defendants unlawfully paid rebates through an affiliate to 24 large industrial or commercial customers under separate side agreements. Plaintiffs allege violation of federal racketeering and antitrust laws, as well as state racketeering and common law claims. Defendants deny these allegations, and maintain that they did not engage in any wrongdoing.

A settlement was reached in this case with a total value of $80,875,000. Residential ratepayers received fixed payment amounts for each qualifying day they paid a tariffed rate during the class period, from a settlement fund that did not exceed $25,000,000. The payout for an eligible residential ratepayer who qualified for the entire Class Period was $140.47. Non-residential ratepayers received fixed, and variable amounts based upon usage, for each qualifying day they paid a tariffed rate during the class period, from a settlement fund that did not exceed $25,000,000. The minimum payout for an eligible non-residential ratepayer that qualified for the entire Class Period was $200; that amount went up to a maximum of $4,000. Ratepayers who qualified for lesser time periods received lesser total payouts with the minimum payout being $10.00. Also, class members may receive direct benefits from programs developed using a minimum of $8,000,000 of settlement monies.