Charlotte Observer reports:
Duke Energy's request to raise electric rates by about 20 percent for most of its N.C. residential customers goes to a public hearing in Charlotte tonight.
The request, if the N.C. Utilities Commission grants it, would be Duke's biggest N.C. rate hike in at least 20 years. Monthly bills for typical residential customers would rise from $95 to about $113, starting in February.
Duke says it needs the overall 15.5 percent increase in revenue mostly to pay for nearly $5 billion in building costs since 2009. Construction of new coal- and natural gas-fueled power plants and pollution-catching devices is underway. ...
Read the full article
Duke Energy's request to raise electric rates by about 20 percent for most of its N.C. residential customers goes to a public hearing in Charlotte tonight.
The request, if the N.C. Utilities Commission grants it, would be Duke's biggest N.C. rate hike in at least 20 years. Monthly bills for typical residential customers would rise from $95 to about $113, starting in February.
Duke says it needs the overall 15.5 percent increase in revenue mostly to pay for nearly $5 billion in building costs since 2009. Construction of new coal- and natural gas-fueled power plants and pollution-catching devices is underway. ...
Read the full article
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