Duke Energy Wants Rate Raise

By: Associated Press
By: Associated Press

North Carolina regulators are starting a series of hearings into a request by Duke Energy Carolinas to raise electricity bills by almost 10 percent more.

The North Carolina Utility Commission has scheduled hearings across the state beginning on Tuesday in Wilmington. The regulatory panel meets again Wednesday evening in Rockingham. The hearings continue through mid-March as regulators get information from the electricity company's nearly 2 million North Carolina customers.

Duke Energy Carolinas wants to increase electric rates by an average of 9.7 percent, an amount estimated to raise another $450 million. The company says it needs the rate increase needed to recoup money it has already invested in new cleaner, more efficient power plants.

Duke Energy won a 7.2 percent increase last year, down from its 17 percent request.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WITN

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 191785191 - witn.com/a?a=191785191
Gray Television, Inc.