Duke Energy Lowers Proposed Rate Hike, but Still Not a Done Deal

North Carolina Duke Energy rate hike is cut nearly in half after hearings, but bills would still rise

Duke Energy's proposed North Carolina rate increase has been pared back after public hearings and negotiations. Rather than disappearing, though, the utility's request was reduced by almost half. What's happening? Duke Energy had asked to raise rates by 18% over the next two years, but the latest request is 9.5%, according to ABC11. The North Carolina Utilities Commission has not yet made a final decision. If the revised plan is approved, a resi…

Duke Energy lowers proposed rate hike, but still not a done deal

Following months of backlash, Duke Energy downwardly revised its proposed rate increase from about 18% to about 9.5% over two years for residential users.