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Duke Energy Rate Deal Under Fire | Durham News
Duke Energy and North Carolina’s Public Staff have struck a partial deal on a proposed electricity rate hike, slashing the initial request to ease the burden on millions of customers while still funding critical infrastructure and storm recovery. Though the settlement avoids a final approval, the Utilities Commission still must review profit margins and exact rates — with hearings ongoing. Governor Josh Stein praised the reduction but called it still too steep for families already struggling with rising costs. Advocates agree it’s a step forward, but stress affordability remains a top concern…
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