Dive Summary:

• Duke Energy Carolinas proposed a pilot project to regulators in May that would have offered 6% rate cuts to commercial and manufacturing customers, but Duke's request has now been withdrawn.
• The North Carolina Utilities Commission issued an order Tuesday, allowing Duke to formally cancel the proposal.
• The $13 million project would have been paid for with shareholder profits.

From the article:

Duke Energy has abandoned plans for a $13 million pilot project, paid for from shareholder profits, to offer a 6 percent rate cut to large commercial and manufacturing customers in North Carolina. ...