Duke Asks For 12.6 Percent Rate Increase For NC
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MARK WILLIAMS
COLUMBUS, Ohio (AP) Utility company Duke Energy said Tuesday it will ask North Carolina regulators to increase customer rates by an average of 12.6 percent beginning Jan. 1 as it seeks to recover costs for pollution control equipment and new power lines and plants.
If approved by regulators, the increase would boost rates for the average residential customer by $11 a month to $93, according to the company. Rates for industrial customers would go up 15 percent and rates for other customers would increase by nearly 10 percent.
The increase would generate nearly $500 million a year for Duke. About 70 percent of the $5.9 billion in revenue the company received from its 2.4 million customers in the Carolinas in 2008 came from customers in North Carolina. ...
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