Wolfspeed gets nearly $700M tax refund after bankruptcy

Wolfspeed, a Durham-based semiconductor supplier, announced earlier this week that it has received $698.6 million in cash tax refunds from the Advanced Manufacturing Investment Credit (AMIC) under Section 48D of the Internal Revenue Code from the Internal Revenue Service (IRS) under a provision in the 2022 CHIPS Act.

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Duke Energy proposes 15% rate hike, Stein, Jackson object

Stein objects, and Jackson files a motion to intervene in Duke Energy's proposed 15% rate hike.

Katherine Zehnder