AG: Duke Residential Rate Increase Is 9.3%, Not 6.8%

AG: Duke residential rate increase is 9.3%, not 6.8%

On an update to a story Carolina Journal published yesterday, North Carolina Attorney General Jeff Jackson now says a settlement in the Duke Energy Progress rate case would raise residential electric bills about 9.3%, not 6.8% over the next two…

NC AG Jackson: Duke Energy gave wrong information about rate hike under oath • NC Newsline

“The details matter here, and Duke got it wrong under oath,” Jackson said in a statement on Thursday.

CRB Comment Period for Mechanical Rate Settlement Draws Supporters, Detractors — and Stevie Wonder?

Much of the unease around the settlement involves what some say is an incorrect perception that the mechanical rate will be lowered at the start of the period.

NC electric co-ops turn to batteries to cut costs

Nearly two years after Hurricane Helene knocked out power to more than 700,000 Duke Energy customers in North Carolina, many families are still wondering what would happen if a storm that size hit again. At the same time, they’re watching their electric bills climb, with Duke seeking increases as steep as 18% for some customers before settlements this summer scaled that back.  It’s all happening at a time when data centers and extreme weather ar…

Duke Energy cuts proposed rate hike nearly in half as NC regulators weigh settlement

The North Carolina Utilities Commission is reviewing a settlement that would raise Duke Energy Progress residential rates by 9.3% over two years. Duke originally proposed raising residential rates by 18% over the same period.

Duke Energy Gave Incorrect Residential Rate Increase; Families to Pay 9.3% More, Not 6.8%

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