Duke Energy May Be Limited To Lower Rate Hike - WSPA.com

Duke Energy May Be Limited To Lower Rate Hike

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Updated: July 3, 2013

Duke Energy may not be able to raise your rates as much as they want.

Recent meetings open to the public were packed because the utility wants an extra $200 million a year from a 16 percent increase passed on to customers.

Duke Energy officials say it's needed to pay for power plants and infrastructure.

According to our coverage partners at the Spartanburg Herald Journal, the Office of Regulatory Staff offered a counter proposal limiting the hike to about 5.5 percent this year and just over 2 percent next year and beyond.

They could make a decision by September 18. To read more on this story, click here.

Posted: June 26, 2013

The Public Service Commission of South Carolina will host a public meeting Thursday night for another discussion about a proposed Duke Energy rate increase.

The meeting will be held at 6 p.m. inside Ballrooms A & B of the Anderson Civic Center.

It will be the second held this week. Monday night, more than 150 people showed up to Greenville County Council Chambers to weigh in on the proposal. Many were upset about it, saying they are already struggling to make ends meet.

Duke is requesting a 16% rate increase for residential customers. Company officials say the extra revenue would be used to modernize its equipment and building new and upgraded power plants.

The Public Service Commission will start deliberations July 31st. Then they have until September to make a final decision on the rate increases.

Additional information concerning this application can be found on the Commission's website.

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