Utility Companies May Raise Rates

But first, they'll have to get by state regulators and state law. Charlotte based Duke Energy has asked the North Carolina Utilities Commission to let it boost rates for its one-point-six million North Carolina customers. That's so it can recover the nearly 88 million dollars it expects to spend in laying the groundwork for two new reactors in South Carolina. Meanwhile, Raleigh-based Progress Energy wants to recover about 60 million dollars it expects to spend on a license application for a new reactor at the Shearon Harris site, about 25 miles southwest of Raleigh.