RALEIGH, N.C. (AP) - The nation's largest electric company is revising the rate increase it wants from North Carolina consumers as it works to pass long nearly $200 million a year to clean up the toxic byproducts of burning coal.
Duke Energy Corp. and consumer advocates working for the North Carolina Utilities Commission say they're postponing hearings scheduled to start Monday. The two sides said in an official filing they could announce a partial settlement Monday ahead of hearings now scheduled to start Nov. 27.
The company's Duke Energy Progress subsidiary says in a separate regulatory filing that it's reducing its overall rate request from 15 percent to 13.2 percent.
The Charlotte-based company still wants customers to pay the full cost of cleaning up its coal ash pits.
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© 2017 Associated Press