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NC Regulators Weigh Duke Energy Efficiency Plan

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(Photo by Davis Turner/Getty Images)

(Photo by Davis Turner/Getty Images)

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RALEIGH, N.C. (AP) — North Carolina regulators are sizing up a plan allowing Duke Energy to charge consumers a little more as it increases energy efficiency and demand reduction.

The state Utilities Commission holds a hearing Tuesday in Raleigh on how the Charlotte-based electricity company would make up for lost revenues.

The hearing comes a day after Duke Energy, the Environmental Defense Fund, and the Utilities Commission’s consumer advocates unveiled a settlement that includes a $400,000 bonus if the company increases energy savings by more than one percent in any year.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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