Duke Energy requests 16.7 percent rate hike on residential customers

- Duke Energy Carolinas filed Friday a request to raise residential customers' rates by an average 16.7 percent and commercial customers by an average of 10.9 percent annually to help paying for a 10-year modernization initiative.

"Through smart investments in cleaner energy plants and renewable resources, safely managing coal ash, and the grid that powers our lives and improves reliability, we are focused every day on providing customers increasing value and laying the foundation for a smarter energy future," said David Fountain, Duke Energy's North Carolina president in a written statement, released on Friday. 

Duke Energy Carolinas currently serves 2 million households and businesses in central and western North Carolina, including the Triad and Charlotte.

Duke Energy Progress, which serves electric customers in parts of central and eastern North Carolina and in the Asheville region, filed a similar request to adjust rates on June 1. Duke Energy Progress customers will not be affected by this new request, officials said. 

Duke Energy Carolinas said specific increase for individual customer groups would vary, depending on the rate they pay. The average rate increase from the proposed changes for residential customers would be 16.7 percent, while commercial and industrial customers would see an average increase of 10.9 percent.

They said if the proposal is approved by state regulators, a residential customer who uses 1,000 kilowatt-hours (kWh) of electricity monthly would pay about $122.68 per month, reflecting an increase of $18.72 per month.

Duke Energy Carolinas said they've included in their request options to spread recovery of certain costs over multiple years to reduce the immediate impact on customer bills.

To read the full release by Duke Energy, click here. 

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