AP-NC–Duke Energy Rates/134
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.
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