AG Cooper says it’s still too high
After holding public hearings across the state, Duke Energy Carolinas and the North Carolina Public Staff have recently reached an agreement which calls for a rate hike of 7.2 percent instead of the original request of 15 percent. Public Staff, an organization affiliated with the N.C. Utilities Commission, opposed Duke Energy’s initial 15 percent rate hike. After hearing from Tar Heels across the state, North Carolina’s Public Staff and Duke Energy agreed to the aforementioned rate reduction.
If approved by the North Carolina Utilities Commission, the increase would become effective beginning in February of 2012.