Duke Energy Carolinas seeks a rate increase, potentially raising residential power bills by 14% by early 2028. This comes as the U.S. inflation rate hit 3% in September 2023. The proposed increase would add to an existing $8.19 monthly residential bill hike from January 2023. If approved, the average residential customers bill could rise from $144.89 to $168.36 by January 2028, a 14% increase. Public hearings and an evidentiary hearing are expected this year, with a decision anticipated in late 2028.
The Daily News Now! - Every city. Every story. Powered by AI.
Hosted on Acast. See acast.com/privacy for more information.
