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Home » Utility Acquisition: Wake County

Utility Acquisition: Wake County

November 6, 2008

Utility land taking ncIn 2008, Carolina Power & Light Company (doing business as Progress Energy Carolinas, Inc.) filed a condemnation action against a real estate development company to install an electrical substation on the company’s property near the downtown Raleigh area. The initial deposit was in the amount of $3,553,085. Together with co-counsel, Ms. Haywood negotiated an out-of-court settlement in the amount of $4,350,000. In some cases, the power of eminent domain extends to private utility takings in North Carolina.

Filed Under: Eminent Domain, Just Compensation, Land Condemnation, Land Law, Taking, Utility Takings

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The NC Eminent Domain and Land Law Practice of Nicholls & Crampton

Nicholls & Crampton, P.A.
3700 Glenwood Avenue, Suite 500
Raleigh, North Carolina 27612

(919) 645-4060

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