Latest / Wilmington News Today | 2 Min News | The Daily News Now!
Duke Energy’s Rate Hike Under Scrutiny | Wilmington News
Duke Energy is pushing North Carolina regulators to approve an 11.6% jump in residential electricity rates — down from an initially proposed 18% after public backlash — sparking fierce debate as families brace for higher bills amid sweltering summers. The Utilities Commission, a five-member body with deep historical roots, is now weighing testimony from Duke, consumer advocates, and energy experts, all while facing a September 20 deadline to decide. Critics, including the state’s Attorney General, argue the hike is still too steep given Duke’s nearly $5 billion in profits and questionable…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.