Wednesday, October 30, 2019

What's included in Duke Energy Progress' request for a 12.3% rate hike in NC

Duke Energy Progress asked regulators on Wednesday to increase its rates by 12.3%, raising about $464 million in new annual revenue for the Raleigh-based utility. The largest single item in the rate hike is the $800 million that Duke Progress will seek to recover over time for the Asheville Combined Cycle Natural gas plant, says Stephen De May, N.C. president for Charlotte-based parent company Duke Energy Corp. (NYSE: DUK). But the company will also seek $650 million in storm repair and recovery…


from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2019/10/30/whats-included-in-duke-energy-progress-request-for.html?ana=RSS&s=article_search

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