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High Point Residents Attend Public Hearing To Oppose Duke Rate Increase

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(Photo by Davis Turner/Getty Images)

(Photo by Davis Turner/Getty Images)

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AP-NC–Duke Energy Rates/134
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Most at High Point oppose Duke rate hike

HIGH POINT, N.C. (AP) — Most of those who showed up in High Point for a public hearing don’t like the idea of a 17 percent rate increase for Duke Energy.

About 70 Duke customers attended the hearing Thursday evening to complain about the increase that would add about $19 a month to the typical residential customer’s bill of about $97.

Rosa Koonce of Greensboro says state regulators should consider the burden the increase would put on many families.

Duke says most of the increase would help pay for nearly $5 billion for building new power plants and modernizing equipment for better pollution control. Duke spokeswoman Betsy Conway says the company cannot recover the costs until the plant or new equipment is in service.

The new rates would take effect in February.

The last time the commission approved a rate increase for Duke Energy was in January 2010 when rates increased an average of 5.2%. However, Duke had requested a nearly 10% increase.

(TM and © Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)


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