Duke Energy

David Boraks/ WFAE

Duke Energy says state regulators' Friday order denying its request for a rate hike in its western North Carolina territory could still mean a small rate increase for customers. 

Duke Energy headquarters in Charlotte.
David Boraks / WFAE

State regulators have rejected Duke Energy's request for a rate increase and instead ordered slight rate reductions in its western North Carolina territory, including Charlotte. The order doesn't say exactly what Duke's new rates will be, and it's still possible some customers could see slight rate increases.

JOSH STEIN

North Carolina Attorney General Josh Stein says a proposed settlement that would allow Duke Energy to begin charging customers for electric grid improvements is unfair to ratepayers. That's in a filing with utilities regulators Friday in response to Duke's proposed agreement with a group of environmental and business groups.  

A Duke Energy substation.
Duke Energy

The state's utility consumer advocate and other groups are opposing Duke Energy's agreement earlier this month to limit a planned $7.8 billion electric grid modernization program.  The North Carolina Utilities Commission Public Staff, the environmental group NC WARN, and the Carolina Utility Customers Association say the program would result in unacceptably higher rates.

The agreement calls for Duke to expand the use of battery storage in rural areas.
Duke Energy

Duke Energy has reached a deal with environmental and business groups that could limit how long it can charge customers for improvements to the energy grid in western North Carolina.  The partial settlement comes as Duke awaits a decision from regulators on a proposed 10 percent rate increase.

Duke Energy on Thursday announced more than $1.2 million in new grants to support environmental and wildlife programs in the Carolinas and Virginia.  The grants are from the company’s $10 million Water Resources Fund.

Duke Energy headquarters in Charlotte.
David Boraks / WFAE

Duke Energy’s first-quarter shares are up slightly from last year, according to an earnings report released by the Charlotte-based company Thursday morning.

Duke CEO Lynn Good (right) responded to a question about executive pay from Duke investor relations director Michael Callahan during Thursday's online only annual meeting.
Duke Energy

Duke Energy officials defended last year's big pay package for CEO Lynn Good during the company's online-only annual meeting Thursday afternoon.  Good got $21.4 million dollars in salary, bonuses, stock and other compensation - nearly double her pay two years before.

Sheep from a local farm are grazing to keep grass down beneath the panels at Duke Energy's Monroe solar farm.
David Boraks / WFAE

Duke Energy says it expanded renewable energy generation by about 19 percent in 2017. That's according to the company's annual sustainability report out Monday morning.

NC WARN owns the solar panels it installed on Faith Community Church in Greensboro, and had been selling electricity to the church. But it has stopped the sales, after an order by regulators.
NC WARN

The state Supreme Court will hear arguments Tuesday on whether it's legal for anyone other than a public utility to sell electricity in North Carolina.

Pages