Customer advocate proposal would slash Duke Energy's N.C. rate hike

North Carolina's utility customer advocate proposes all but eliminating Duke Energy Progress’ 14% rate hike, recommending that regulators cut it to an increase of less than one-tenth of a percent. Duke’s hike had proposed an increase in the annual revenue requirement for the Raleigh-based utility by $419 million. Instead, the Public Staff of the N.C. Utilities Commission proposes that increase go up by just $2.8 million. Chris Ayers, executive director of the Public Staff, says that his in-house…

from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2017/10/23/duke-energy-n-c-rate-hike-would-disappear-under.html?ana=RSS%26s=article_search