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Duke Energy Asks For Another Rate Hike In NC

11:51 PM, Feb 4, 2013   |    comments
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Charlotte, NC -- Today, Duke Energy Carolinas filed a request with the North Carolina Utilities Commission (NCUC) to increase electric rates by approximately $446 million, that would be an overall increase of 9.7 percent.

This table shows the average impact of the proposed changes for each customer class. The specific increase or decrease to individual customers will vary depending upon the rates they pay and other factors.

Residential Customers would see an 11.8% average rate increase.

Commercial customers would see a 9.6% average rate increase.

Industrial customers would see a 5.3% average rate increase.

Lighting customers would see a 5.4% average rate increase.

Today, a residential customer who uses 1,000 kilowatt-hours (kWh) of electricity per month pays $102.72. If the company's rate increase is approved as filed, that bill will increase by $14.27.

More than 90 percent of the request is driven by capital investments that Duke Energy Carolinas has made in the electric system that serves 1.9 million households and businesses in North Carolina.

"As part of our ongoing fleet-modernization plan, we have recently built and put into service two new state-of-the art power plants that will provide cleaner air and serve our customers reliably for decades to come," said Paul Newton, Duke Energy state president - North Carolina.

"The new natural gas plant at Dan River does the job of three older, less efficient coal plants that we will now retire," Newton said.

Newton said, "Even with the proposed increase, Duke Energy Carolinas' rates would remain well below the national average. When adjusted for inflation, our customers are still paying less for electricity than they did in 1991."

For more details on the company's request to increase rates, click here

Duke Energy/WFMY News 2

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