North Carolina Utilities Commission to Hold Duke Energy Rate Increase Hearing on Feb. 20

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On Thursday, Feb. 20, the North Carolina Utilities Commission will hold its Asheville hearing on the latest proposal by Duke Energy to increase electricity rates.

Duke Energy Progress, a subsidiary of Duke Energy with territory in Buncombe County, Henderson County, and many other counties across North Carolina, is seeking approval from the North Carolina Utilities Commission for a $463.6 million increase in the amount the company collects from ratepayers each year. This would result in an average 14.3% increase in residential electric bills, or approximately $17.29 more per month for residential customers.

This issue hits close to home, as the rate hike includes a request for Duke customers to pay for the $820 million new gas plant at Lake Julian. Also included are plans to recover $402 million for capital investments at coal plants and $530 million for customers to clean up Duke’s coal ash across the state.

The hearing in Asheville will be held in Courtroom 1A of the Buncombe County Courthouse at 60 Court Plaza at 7:00 pm. Those who wish to speak should arrive by 6:30 pm to sign up.