State senators who backed Duke Energy-supported legislation to allow for multiyear rate hikes gave up on the proposal Tuesday and substituted a new version that removed the provision from an otherwise popular bill. The final version opens the way for utilities to sell securities to cover storm repair and recovery costs. That is a move expected to save customers money in the long run and limit the need for steep rate increases following the kind of destructive hurricanes and ice storms which have…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2019/10/30/key-provision-stripped-from-duke-energy-backed.html?ana=RSS&s=article_search
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