NC panel hears views on Duke Energy rate increase

  • Posted: Tuesday, February 19, 2013 10:57 a.m.

WILMINGTON (AP) North Carolina regulators are starting a series of hearings into a request by Duke Energy to raise electricity bills by almost 10 percent for nearly 2 million customers of Progress Energy Carolinas.

The North Carolina Utility Commission has scheduled hearings across the state beginning Tuesday in Wilmington. The panel meets again Wednesday evening in Rockingham. The hearings continue for the next month.


Progress Energy Carolinas wants to increase electric rates by an average of 9.7 percent, an amount estimated to raise another nearly $390 million. The company says it needs the rate increase to recover money it has already invested in new cleaner, more efficient power plants.

Duke Energy won a 7.2 percent increase last year, down from its 17 percent request.

Notice about comments:

Salisburypost.com is pleased to offer readers the ability to comment on stories. We expect our readers to engage in lively, yet civil discourse. Salisburypost.com cannot promise that readers will not occasionally find offensive or inaccurate comments posted in the comments area. Responsibility for the statements posted lies with the person submitting the comment, not Salisburypost.com. If you find a comment that is objectionable, please click "report abuse" and we will review it for possible removal. Please be reminded, however, that in accordance with our Terms of Use and federal law, we are under no obligation to remove any third party comments posted on our website. Full terms and conditions can be read here.

Do not post the following:

  • Potentially libelous statements or damaging innuendo.
  • Obscene, explicit, or racist language.
  • Personal attacks, insults or threats.
  • The use of another person's real name to disguise your identity.
  • Comments unrelated to the story.