Duke Seeks to Boost North Carolina Rates by $387 Million
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Duke Energy Corp.’s Progress Energy Carolinas filed a request for its first general rate increase since 1987, asking regulators to boost revenues by about $387 million a year.
If the request is approved by the North Carolina Utilities Commission, average residential bills would increase a net 14.2 percent and commercial and industrial customers would pay about 9 percent more, Charlotte, North Carolina-based Duke Energy said in a statement today.