Duke Energy sought the price increase after capital investments of $4.8 billion for power plant modernization, environmental compliance, and other construction projects approved by state regulators since 2009.Lawyers for the utilities regulator and Duke Energy told the court the impact of higher rates was considered and the company's earlier 15.2 percent increase request reduced. The lesser rate increase and concessions to help poor households approved by the Utilities Commission were negotiated by the regulator's division that advocates for consumers, the Public Staff.
NC AG Argues Duke Wants Too Much In Rate Increase
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