NC Democrats challenge Duke Energy’s proposed rate hikes

NC Democrats challenge Duke Energy’s proposed rate hikes

Duke Energy, the largest electric utility provider in North Carolina, with over a billion dollars in profit every year, has filed a rate hike request. Duke Energy is asking the NC Utilities Commission for a 15% increase in rates over the next two years. With costs rising for North Carolinians across the board, Democratic Gov. Josh Stein and Attorney General Jeff Jackson are pushing back.  “My office is intervening to make sure we find the right …

Duke Energy’s Punishing Rate Hike Spiral

Over the last three years, Duke Energy’s rate increases have significantly outpaced inflation, gouging customers to defray their own costs and protect investor returns. Duke recently filed requests for additional rate hikes in 2027 and 2028, which would likely continue this trend. Up until now, Duke Energy has provided electricity to North Carolinians under two... The post Duke Energy’s Punishing Rate Hike Spiral appeared first on Carolina Forwa…