Duke Energy wants to raise rates again on its North Carolina customers – this time by nearly 12 percent for residential users. WFAE's Julie Rose reports on the company's latest request to state regulators.
We knew this rate hike request was coming, but we didn't know how large it would be. Last time around, Duke asked to raise residential rates by 17 percent but settled for just over 7 percent when it finally took effect a year ago. Now Duke Energy is proposing another 11.8 percent increase for residential customers.