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</html>";s:4:"text";s:23036:"We work hard every day to keep costs reasonable for our customers and to avoid an increase to customer bills whenever possible. Here’s what it means for your bill. Today, Duke Energy is dedicated to providing clean, reliable and affordable energy … Owning 58,200 megawatts of base-load and peak generation, Duke Energy serves around 7.2 million customers. We expect a decision by the end of 2020. We are continuing work to improve the grid, making it stronger and more resistant to power outages from severe weather and flooding, and better protected against physical and cyber threats. We are a society that is dependent on the 24/7 flow of electricity to our homes, businesses and schools. Duke Energy Progress is obligated to provide every customer in our service area with reliable electricity at rates set by the NCUC. For a residential electric customer using 1,000 kilowatt-hours per month, the current monthly bill of $102.71 would increase to $108.43 under Duke’s proposal. The utility estimates that North Carolina regulators' order last week approves a 1.2% … Duke Energy's most recent adjustment sets TDSIC charges for a 1,000 kWh residential bill at $1.77. The annualized bill for a typical residential customer using 1,000 kilowatt-hours (kWh) of electricity per month would increase to $113.49 from the current $108.27. {{ languageIsEnglish ? In 2003, the company charged its customers $83.71 for 1,000 kilowatt hours of power… If you have any questions … Learn how we're building a smarter, more reliable energy future. Why should customers pay for costs related to coal ash? Duke Energy Florida, consumer representatives and business groups have reached a sweeping agreement that will advance the clean energy vision for the state, introduce innovative programs for customers, retire coal plants faster and bring additional certainty to rates through 2024. The company has developed more than a dozen new energy efficiency programs over the last three years, helping customers save more than 357 million kWh since 2009 (the equivalent annual energy … SIGN UP TO SPEAK UP FOR CLEAN ENERGY!! During Hurricane Florence in 2018, this technology helped to avoid more than 80,000 customer outages. Sep. 30--Duke Energy is proposing to raise residential customers' power bills by 6.7% in North Carolina, the company announced Monday. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase. The rate increase, he said, also does not include building new renewable energy projects. 'ESPAÑOL' : 'ENGLISH' }}, We are unable to match the address entered, Hi, looks like you have JavaScript turned off or cookies disabled. The utility is proposing to shorten the depreciable lives of its two remaining coal-fired power plants as the company transitions to cleaner energy sources, including continued investment in carbon-free nuclear and more renewables and highly-efficient natural gas. Even though our regulators will ultimately determine any changes to customer rates, we pledge to do our part to keep rates as reasonable as possible. On Sept. 30, 2019, Duke Energy Carolinas asked the North Carolina Utilities Commission (NCUC) to review its rates as the … On Oct. 30, 2019, Duke Energy Progress asked the North Carolina Utilities Commission (NCUC) to review its rates as the company continues working to reduce carbon emissions, strengthen its grid and improve the customer experience. Duke Energy Florida (DEF), consumer representatives and business groups have reached a sweeping agreement that will advance the clean energy vision for the state, introduce innovative programs for customers, retire coal plants faster and bring additional certainty to rates … We're also proposing to eliminate individual credit and debit card fees for residential customers when paying bills. Headquartered in Charlotte, North Carolina, Duke Energy is the largest electric power holding company in the United States. Everything you need to know about energy savings and information regarding energy service for your home from Duke Energy. Duke Energy provides detailed rate information to help you understand your energy bill. The Public Staff and other interested stakeholders audit our filings and vet the company’s request. What is the process? If approved, the rate increase could affect the day-to-day residential customer's bill by 6.8 percent. The company is responsibly managing coal ash and safely closing ash basins at operating and retired coal plant sites in the Carolinas. The utility's fourth adjustment added 40 cents to a 1,000 kWh residential bill. Duke Energy Progress, which serves eastern North Carolina, filed a rate hike request last October that asked for a net increase of $464 million a year in revenue. The North Carolina Supreme Court on … Based on your ZIP code, we need to know your street address so we can customize your experience. Duke Energy Progress rates decreased for North Carolina customers on Dec. 1 due to annual adjustments. Duke Energy has agreed to reduce what it charges North Carolina customers for coal-ash costs by $590 million in its two pending rate cases. We recognize that there is no good time to increase rates, especially now. © Duke Energy Corporation. In the plan, Duke proposes to build up to 13 fracked gas plants and to continue burning coal until 2049. Duke Energy rate increase approved; Cooper appeals. In exchange, the utility is allowed the opportunity to What are the benefits from Duke Energy Progress' grid improvement? Share This Story . Duke Energy makes life better for millions of people every day by providing electric and gas services in a sustainable way – affordable, reliable and clean. Knowing where your account is located will help us serve you better. The evidentiary hearing is now scheduled to begin on July 27, 2020. “We … Credit Card, Debit Card or Electronic Check Payments, Coal Ash: A Shared Responsibility Factsheet. Will customers have a chance to share input? Knowing where your account is located will help us serve you better. It’s important to us to give customers more options to help them better manage energy and ultimately save money – so we’re connecting with customers through tools like usage updates from their smart meters, free home energy audits and a menu of energy-saving tips, programs and incentives for every budget. Regulators say Duke Energy Carolinas can impose a temporary rate increase of $235.3 million in annual revenue on its roughly 2 million customers in North Carolina starting Aug. 24. All Rights Reserved. First, Duke Energy Progress must demonstrate to the NCUC why the money the company has spent was in the public’s best interest. Duke Energy Progress will, however, be glad to provide you with information to help you make an informed decision. Were you looking for the following information? Duke Energy Progress is committed to helping customers mitigate the effects of increased electricity costs through energy efficiency programs and assistance for low-income customers. For more help, see. The first Duke Energy bills of 2021 are showing sharp increases, ... if the rates went up or something changed,’Pritchett said. Duke Energy Progress offers a variety of rate and demand-side management/energy efficiency (DSM/EE) options for North Carolina nonresidential customers. Duke Energy Progress has proposed a 16.7 percent rate increase for its residential customers in North Carolina, the largest rate hike the Raleigh-based power company has … 'ESPAÑOL' : 'ENGLISH' }}, We are unable to match the address entered, Hi, looks like you have JavaScript turned off or cookies disabled. Duke also set a goal to reduce carbon emissions by 50% by 2030 — a plan that depends on nuclear energy. In spring 2020, Duke Energy Progress worked with the North Carolina Utilities Commission, the Public Staff, and other parties to postpone the rate case hearing due to the COVID-19 pandemic’s impact on daily life and the need for additional safety precautions. These may be the last contracts bid under the three-year-old competitive bidding process in the state. Duke Energy's third TDSIC rate adjustment received Commission approval on October 9, 2018. Description of Electric Rates North Carolina Nonresidential Duke Energy Progress offers a variety of rate and demand-side management/energy efficiency (DSM/EE) options for North Carolina nonresidential customers. Correction: Duke Energy-Rate Increase story March 6, 2018 GMT RALEIGH, N.C. (AP) — In a story March 5 about a Duke Energy subsidiary’s request to raise electricity rates, The Associated Press reported erroneously that North Carolina regulators are weighing as part of the request whether to make consumers pay billions of dollars for a scrapped nuclear project in South Carolina. Duke Energy Progress, which serves eastern North Carolina, filed a rate hike request last October that asked for a net increase of $464 million a year in revenue. The company says it needs the rate increase to recover money it has already invested in new cleaner, more efficient power plants. Please choose the response below that best suits your needs: Please try rephrasing your question as you search our site. Confirm or CHANGE STATE. Self-healing technology is helping to speed restoration by automatically detecting power outages and quickly rerouting power to customers. The Court … Opponents of Duke Energy’s request for a proposed 6% rate increase in Western North Carolina dominated a public hearing in Charlotte on Thursday night. Another Duke Energy subsidiary, Duke Energy Carolinas, will go before the commission next week. The stock has declined nearly 3% in the last 12 months. Typical 1,000-kWh residential bill would increase from $120.44 to $137.60, if approved by the NCUC, Rates will remain below the Southeast Atlantic region and national averages, Improve reliability to avoid outages and speed restoration, Strengthen the grid against physical and cyber impacts, Expand solar and renewables across a two-way, smart-thinking grid, Give more options and control over energy use and tools to save money. Overall energy costs will … Knowing where your account is located will help us serve you better. It increased the monthly 1,000 kWh residential bill by an additional $1.61. For more help, see. It is your Through grid improvements, we are working to: {{ languageIsEnglish ? This independent, public process helps ensure transparency and fair rates based on the costs to serve our customers. RALEIGH, N.C. (AP) — A week after allowing Duke Energy a rate increase that includes charges for coal ash cleanup for about half its North Carolina consumers, state … What is Duke Energy Progress doing to help customers reduce their energy use and their bills? We are working hard to build a better grid that is engineered for the future and improve the way we serve customers. "We are not sure where Duke Energy thinks many residents will find an extra $23 a month," Olson said. The North Carolina Supreme Court issued an opinion in an appeal upholding the North Carolina Utilities Commission’s decision to approve an increase in mandatory fees paid by residential customers of Duke Energy Carolinas. However, North Carolina homes and businesses are relying on Duke Energy Progress, and its financial strength, to ensure that customers continue to receive a vital service during this pandemic. Typical residential customer's monthly bill going down by $3.81; RALEIGH, N.C. – Duke Energy Progress customers in North Carolina will see a drop in their electric rates this winter season. Duke Energy Progress has deployed nearly 1 million smart meters, providing customers enhanced usage data and usage alerts, improved outage detection and enabling new programs tailored to help customers make smarter energy choices and save money. Duke just announced the date for a single virtual public hearing on the Duke 15-year energy plan (called and integrated resource plan or IRP): March 16 at 7 p.m. The rate increase, he said, also does not include building new renewable energy projects. Please choose the response below that best suits your needs: Please try rephrasing your question as you search our site. Raleigh, N.C. — Duke Energy has won its latest round in its ongoing battle with Attorney General Roy Cooper over rate increases. Duke Energy shares have increased slightly more than 2% since the beginning of the year, while the Standard & Poor's 500 index has increased 4%. The average bill for a typical Duke Energy Progress residential customer would remain at $120.44 a month after the N.C. Utilities Commission approved temporary rates for the utility last week. CHARLOTTE, N.C. — Protesters are expected to hold a rally outside Duke Energy's headquarters in uptown Charlotte Thursday, opposing the company's proposed 6% rate … The final rate order can be viewed at the NCUC website (NCUC Docket No. Charlotte-based Piedmont Natural Gas, a subsidiary of Duke Energy Corp. (NYSE: DUK), is also allowed to make adjustments twice a year. North Carolina regulators denied on Friday a request from Duke Energy to raise electric rates, ordered the utility to refund $60 million in deferred taxes to customers and fined it … And therefore, the costs to comply with environmental requirements established by state and federal regulators are appropriate to include in customer bills. Duke Energy Carolinas, LLC has filed an application with the Utilities Commission requesting authority to raise its rates for electric service. Ultimately, the NCUC determines any change to customer bills. Through the years, many other companies have joined this tradition. A base rate case is a public regulatory review process where a utility must demonstrate to the North Carolina Utilities Commission (NCUC) why a proposed increase in rates is needed. Due to the COVID-19 pandemic, the expert testimony phase of the hearings was delayed to summer 2020, when the Commission will consider our written and oral testimony, along with viewpoints from customer groups and other stakeholders. Duke Energy Progress has made investments to shift to cleaner energy, improve reliability and grid resiliency and provide more convenience for customers and now asks the NCUC to review its rates. Duke Energy issues statement in response to N.C. Supreme Court ruling on coal ash … The public - speaking out about Duke Energy's requested rate increase. The NCUC then thoroughly reviews our request and holds multiple public hearings across the Duke Energy Progress territory to allow customers to comment. It also has requested a rate increase, this … A controversial bill that would allow Duke Energy to increase its annual profits through alternative methods of ratemaking cleared another hurdle today, despite opponents’ objections. The NCUC will ultimately set new customer rates after conducting a review process that includes multiple opportunities for public comment and a determination of whether the company's investments were prudent and in customers' best interest. We're reloading the page to show you content for your location. Duke Energy Progress: Rate case at a glance. It is your responsibility to choose and qualify for the rate that best suits your needs. Here is a link to the order. Duke Energy has asked state regulators to approve an average 12.3% rate increase for its division serving eastern North Carolina and the Asheville area.… We work every day to manage the cost customers pay for service, including costs associated with safe basin closure. Initially, Duke prevailed at the trial court level, but in 2006 the case was argued before the Supreme Court (Environmental Defense v. Duke Energy Corp. (05-848)). This rate request includes costs to rebuild the electric system and restore power after major storms in 2018. All Rights Reserved. Get a look at what that does to proposed rate … To show you Rates, we need to know your location. [ Duke Energy seeks 6 percent rate rise for customers in western NC ] “We don’t take any increase in rates lightly,” said Meredith Archie, with Duke Energy. Confirm or CHANGE STATE. The Duke Energy division that provides electricity for Charlotte and much of western North Carolina has asked state regulators to approve an average 6% rate increase. Duke Energy Carolinas says its rate increase will be just 1.2% — and it won’t be felt until after 2022. Duke Energy Progress has proposed a 16.7 percent rate increase for its residential customers in North Carolina, the largest rate hike the Raleigh-based power company has … ©2015 Duke Energy Corporation 152444 9/15 Printed on 30% post-consumer recycled stock. Knowing where your account is located will help us serve you better. Duke Energy's history began more than a century ago when James B. Duke led a group that built a system of lakes and dams along the Catawba River to generate electricity that would drive the economic growth of the Piedmont Carolinas. Duke Energy is urging state regulators to approve rate increases at its two North Carolina electric utilities, including money to pay for cleanups of toxic coal ash. In 2018, the NCUC determined that managing waste and safely To find the right energy-saving program for your household, visit. Who sets the rates customers pay for electricity? A residential customer who uses 1,000 kilowatt-hours of electricity per month would pay, under the higher rate, about $116.26 per month -- an increase of $8.06 per month, according to Duke Energy Carolinas. Duke Energy files new NC rate case. Based on your ZIP code, we need to know your street address so we can customize your experience. Federal and state regulatory compliance costs incurred after August 2017 to safely close ash basins in the Carolinas are included in the proposal. DEC NC Rate Case 2019 Session Expiration. The Duke Energy division that provides electricity for Charlotte and much of western North Carolina has asked state regulators to approve an average 6% rate increase. Email interview with Grace Rountree, spokeswoman for Duke Energy… E-2, Sub 1142). Many features on this site require them to be enabled. Turns out that Store One is Duke Energy Florida, which provides electricity to west-central Florida. Duke Energy History. 1.4 million customers served; Overall requested increase of 12.3%; Typical 1,000-kWh residential bill would increase from $120.44 to $137.60, if approved by the NCUC; Rates will remain below the Southeast Atlantic region … Residential customers of Duke Energy Carolinas could see a rate increase next month despite a four-year break on some costs. Duke Energy Carolinas requests rate review by North Carolina Utilities Commission to build cleaner, more reliable energy future - Request incorporates strategy to … OK. Duke Energy Carolinas North Carolina Rate Case Learn how we're building a smarter, more reliable energy future. A rate increase that took effect last year was expected to increase residential rates by 1.2% over four years. December 2, 2019. Earnings Growth A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS . Your session will expire in {{countBack}} seconds, please select OK to continue your session. Were you looking for the following information? Duke Energy is proposing to raise residential customers’ power bills by 6.7% in North Carolina, the company announced Monday. If Senate Bill 559 becomes law, Duke Energy Progress will seek to securitize these costs, addressing them through lower interest rates to provide savings to customers. closing ash basins is part of the work to supply customers with reliable electricity to meet their energy needs. Duke Energy Progress replaced the Asheville coal plant with a highly efficient natural gas plant that came into service late 2019. This content is customized by location. The requested rate increase for Duke Energy progress customers would drop from 12.3% to 5.5%. Duke Energy won a 7.2 percent increase last year, down from its 17 percent request. North Carolina Utilities Commission approves rate increase for Duke Energy Progress' North Carolina customers Major Components-- A total $178.7 million, or 5.5 percent average, increase … The appeals relate to decisions the commission made in 2018, setting new rates for Duke Energy Progress and Duke Energy Carolinas. "We are not sure where Duke Energy thinks many residents will find an extra $23 a month," Olson said. Your session will expire in {{countBack}} seconds, please select OK to continue your session . Your session will expire in {{countBack}} seconds, please select OK to continue your session. Storm aftermath: Duke Energy bills likely to go up to cover 2018 disaster costs Duke Energy aims to issue bonds on hurricane, snow debts to limit interest costs, mitigate rate increases NC weather: 'Significant ice' possible Thursday morning, Duke Energy projecting 1 million power outages in the Carolinas If the settlement is approved, the cleanup portion of the rate requests would be reduced by 60%, according to Duke Energy spokesperson Meredith Archie. Piedmont Natural Gas is seeking to raise its base rates in Charlotte and elsewhere in North Carolina, a move the utility said will increase the … That change includes an increase in the basic customer charge from $11.13 to $14.00 per month. Duke Energy expects full-year earnings in the range of $5 to $5.30 per share. RALEIGH (WTVD) -- The North Carolina Supreme Court heard two cases Monday involving Duke Energy rate increases. We're reloading the page to show you content for your location. Duke Energy awards 664 megawatts worth of new solar construction in the Carolinas. Duke Energy, NC Utilities Commission, 2019 session; Posted June 25, 2019 6:45 p.m. EDT Updated June 26, 2019 12:05 p.m. EDT By Travis Fain, WRAL statehouse reporter. Why are you continuing to seek a rate increase during the pandemic? © Duke Energy Corporation. earn a fair return for investors. Posted September 24, 2013 8:42 p.m. EDT Updated September 26, 2013 10:30 a.m. EDT A residential customer who uses 1,000 kilowatt-hours of electricity per month would pay, under the higher rate, about $116.26 per month - an increase of $8.06 per month, … Duke Energy's Electric Rates: Below U.S. Average | Duke Energy 2019 Sustainability Report "Duke Energy pitches new way to get state approval for rate increases" by Travis Fain, April 12, 2019. Many features on this site require them to be enabled. Duke Energy currently has two rate increases pending with the North Carolina Utilities Commission. Duke also provides misleading and inaccurate Duke Energy Ohio: Ohio, Kentucky Duke Energy Indiana: ... Duke Energy International; History ... Environmental groups asserted that Duke was using loopholes in the law to increase emissions. 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