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After a storm of protests, Duke Energy cuts rate hike request

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Charlotte Observer reports:
Duke Energy, facing a storm of protests over the 15 percent N.C. rate increase it is seeking, has offered an olive branch to regulators that trims the increase to 12 percent.

The utility also offers to donate $15 million to help low-income customers.

Duke has heard loud protests over the hike at hearings in Charlotte and other N.C. cities, with more than 1,100 comments filed with the N.C. Utilities Commission in the past two months. ...
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