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Duke Energy-Stakeholder Agreement Pares Down Residential Rate Increase to 9.5% over 2 Years

The agreement lowers the proposed increase to 5.6%, still above the 4.5% staff recommendation, and would add $1.35 billion over two years.

Summary by Port City Daily
NORTH CAROLINA — Duke Energy has agreed to cut its proposed rate increase roughly in half, striking a settlement with regulators, consumer advocates…

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ReportWire broke the news on Monday, July 20, 2026.
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