Dive Summary:

• Duke Energy Ohio wants a rate increase that will collect an additional $776 million from its customers; a typical residential customer could pay an $150 to $200 more a year.
• The increase would be in addition to a three-year rate increase that went into effect last year and allows Duke to collect $330 million for a stabilization charge in exchange for the utility giving low market rates for its electricity.
• The Ohio Consumers’ Council participated in the original agreement, but now says Duke is attempting to change the deal and objects to the new increase; Ohio regulators are expected to vote on the hike soon.

From the article:

Duke Energy wants a new rate increase amounting to more than three quarters of a billion dollars. But as Local 12 troubleshooter Howard Ain reports, a state consumer agency joined several other groups in objecting to the increase.

Duke Energy Ohio wants to collect an additional $776 million dollars from its customers. That would mean a typical residential electric customer could pay an additional $150 to $200 a year. There are 611,000 Duke Energy Ohio customers. ...