Final NC public hearing on Duke Energy rate hike - WSLS 10 NBC in Roanoke/Lynchburg Va

Final NC public hearing on Duke Energy rate hike

Posted: Updated:

The public gets its last chance to sound off on a deal that will allow a Duke Energy subsidiary to raise power rates by more than $200 million a year in a territory ranging from Durham west to the Tennessee border.
The North Carolina Utilities Commission hears from the public in Hillsborough on Tuesday about the requested rate increase for customers of Duke Energy Carolinas. Groups representing the poor and seniors are protesting.
The power company has a deal with a state regulatory division responsible for representing consumers that would allow a rate increase that includes a 10 percent return on equity, a measure of profit.
Duke Energy Carolinas originally requested a $446 million annual rate increase in February, but is now willing to take less than half that amount.

Powered by WorldNow

WSLS 10, P.O. Box 10
Roanoke, VA 24022-0010

Telephone: 540.981.9110
Fax: 540.343.3157

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.