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Jackson Challenges Duke's Rate Hike | Durham News
North Carolina’s AG Jeff Jackson is mounting a fierce defense against Duke Energy’s massive rate hike, arguing that customers could save nearly $960 million over two years if regulators slash Duke’s requested profit margin from 11% to 7.4%. Jackson’s team says this still lets Duke modernize the grid without overcharging households—and that Duke’s original ask was wildly off the mark. They’re also pushing for a separate rate tier for heavy users like data centers, who strain the system. Duke claims the 15% increase is vital for grid reliability and growth, but Jackson sees their willingness to…
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