Duke Energy agreed Tuesday to a 7.2 percent rate increase for its North Carolina customers, cutting its initial 15 percent request by more than half.
Duke agreed in principle to the limited increase with the N.C. Utilities Commission's Public Staff, which represents customers.
The commission itself still has to approve rate changes. A hearing begins Monday, and other parties to the rate case - including N.C. Attorney General Roy Cooper - will continue to fight a rate increase. ...
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