Duke Energy Caps Rate Hike After Pressure | Durham News

Duke Energy Progress has slashed its requested rate hike from 15.1% to 9.3% over two years, adding just $9.62 monthly to the average household bill starting January — a major concession amid backlash over their record profits. Both Duke units are merging by January, making this their final separate rate battle. The deal includes refunds for delayed construction and cuts to aviation, executive, and board expenses. Meanwhile, debates intensify over special rates for booming data centers, with stakeholders open to “large load tariffs” to balance the load. Still, critics like the Attorney General demand even lower returns, signaling a new era of tighter utility oversight. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d2971c1db3ae501a