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N.C. ELECTRIC MEMBERSHIP CORPORATION CONSIDERS APPEAL IN WAKE OF JUDGE'S RULING IN ANTITRUST CASE

 N.C. ELECTRIC MEMBERSHIP CORPORATION CONSIDERS APPEAL
 IN WAKE OF JUDGE'S RULING IN ANTITRUST CASE
 RALEIGH, N.C., March 18 /PRNewswire/ -- Federal District Court Judge Frank Bullock ruled Tuesday that North Carolina Electric Membership Corporation's antitrust trial against Carolina Power & Light (NYSE: CPL) cannot proceed. NCEMC's suit alleged that CP&L engaged in anti-competitive practices in dealing with NCEMC and 16 of the state's electric membership cooperatives.
 In his ruling, Judge Bullock granted CP&L's motion for a directed verdict in the trial, which began Feb. 26. The judge ruled that regardless of the validity of NCEMC's case, inadequate legal precedence existed to establish a remedy for NCEMC's allegations.
 Wayne D. Keller, executive vice president of NCEMC, said: "We are disappointed in the judge's ruling. We have pursued this case diligently because we believed that to do so was in the best interests of our consumer-members. We will be working closely with our attorneys to determine whether or not to appeal."
 -0- 3/18/92
 /CONTACT: Jay Johnson, NCEMC manager of Corporate Communications, 919-872-0800, ext. 306(work), or 919-467-6973(home)/
 (CPL) CO: North Carolina Electric Membership Corporation; Carolina Power &
 Light ST: North Carolina IN: UTI SU:


JZ -- CH005 -- 9204 03/18/92 11:37 EST
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Publication:PR Newswire
Date:Mar 18, 1992
Words:205
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