Energy costs across the state are once again increasing as Duke Energy Carolinas was awarded another overall 4.5 percent rate increase by the North Carolina Utilities Commission. The rate increase, which stands as Duke Carolinas’ third since 2009, will increase to 5.1 percent after two years. That increase will allow the utility to make a 10.2 percent shareholder profit and a capital structure of 53 percent equity in a challenging economic climate.
“I feel the same why about this increase as I have about all the others,” said Macon County Commissioner Ronnie Beale. “In this environment, we have to do what is best for our citizens and they cannot afford another increase. We have a large population of elderly residents and people on fixed incomes. I don't know of any other business that has gotten to raise rates three times in two years.”