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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…
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