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Duke Energy’s Rate Deal in Hot Weather | Durham News
North Carolina swelters under another wave of 90-degree heat, straining wallets as AC units run nonstop — but the real pain point? Duke Energy’s looming rate hike, now slashed by more than half in a new settlement. While customers blame soaring bills on the heat (not yet approved rates), Duke’s second-quarter earnings reveal record profits — over $1 billion — and a staggering $2.6 billion profit for the first half of the year. Consumer advocates and environmental groups push for even deeper cuts, arguing Duke’s massive profits should fund grid upgrades, especially since data centers are…
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