Duke Energy seeks 6% rate rise for North Carolina customers


(WJHL) – Roughly 2 million people in Central and Western North Carolina may have to pay more to keep their lights on.

The country’s largest electric company, Duke Energy, is requesting state regulators to implement an average 6% rate increase.

Duke Energy said Monday that it needs another $290 million a year to recoup spending on grid upgrades, coal and ash cleanup, storm repairs and to increase its potential profit margin.

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories

Don't Miss

More Don't Miss