North Carolina Utilities Commission approves Duke Energy rate hike, settlement

Published April 19, 2021 10:00pm ET



The North Carolina Utilities Commission has approved a partial rate increase for Duke Energy Progress, which covers electricity service in the Asheville area and eastern North Carolina.

Duke Energy Progress requested a 12.3% rate increase – equalling about $463 million – in October 2019, the commission said. The company implemented a temporary rate increase in September, which the commission said covered a portion of its request.

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