Dive Summary:
- Hearings regarding Duke Energy Carolinas' rate increase request will begin on May 21 in several North Carolina communities.
- Duke claims that the request is driven by capital investments; if approved the electric rates would increase the company's revenue by nearly 10 percent.
- The increase would increase revenues for the utility by about $446 million and the average customer would see an increase from $102.72 to $116.99.
From the article:
A public hearing was originally planned at the Durham County Courthouse, but was moved to Hillsborough because Durham County officials told commission officials that the courthouse would not be available at that time, according to an order from the commission chairman.
The hearing in Hillsborough will be at 6 p.m. July 2 at the Orange County Courthouse at 106 E. Margaret Lane. ...