North Carolina Utilities Commission to hold latest Duke Energy rate increase hearing, Feb. 20

Press release from MountainTrue:

On Thursday, Feb. 20, the North Carolina Utilities Commission will hold its Asheville hearing on the latest proposal by Duke Energy to increase electricity rates.

Duke Energy Progress, a subsidiary of Duke Energy with territory in Buncombe County and many other counties across North Carolina, seeks approval from the North Carolina Utilities Commission for a $463.6 million increase in the amount the company collects from ratepayers each year. This would result in an average 14.3% increase in residential electric bills, or approximately $17.29 more per month for residential customers.

This issue hits close to home in Asheville, as the rate hike includes a request for Duke customers to pay for the $820 million new gas plant at Lake Julian. Also included are plans to recover $402 million for capital investments at coal plants and $530 million for customers to clean up Duke’s coal ash across the state. …

The hearing in Asheville will be held in Courtroom 1A of the Buncombe County Courthouse at 60 Court Plaza at 7pm. Those who wish to speak should arrive by 6:30pm to sign up.

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