Strong residential customer growth in the Southeast keeps Duke Energy ahead despite lower per-customer sales

Duke Energy’s strong growth in the number of residential customers — particularly in its three southeastern utilities — has kept residential sales growing even as usage per customer continues to drop. Chief Financial Officer Steve Young says increasingly energy efficient home appliances and programs offered by Duke and third-parties to help residential customers reduce power demand continue to cut per-customer usage. But the number of residential customers grew 1.4% in the second quarter…

from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/news/2016/08/04/strong-residential-customer-growth-in-the.html?ana=RSS%26s=article_search