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Duke Energy executives and expert witnesses faced pointed questions Monday on the opening day of a multi-day regulatory hearing in Raleigh on Duke Energy's request to raise rates in central and western North Carolina.
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Duke Energy plans to begin testing a flat-rate home charging service for electric vehicle owners this fall in North Carolina.
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State regulators will hear from experts at a hearing beginning Monday in Raleigh as they consider Duke Energy's request for a big rate hike in its central and western North Carolina territory.
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Electric bills in central and western North Carolina are going up more than 12% Sept. 1, after regulators approved Duke Energy's request to raise rates because of higher fuel costs.
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State regulators have approved a lower-than-requested rate increase for Duke Energy Progress customers in eastern North Carolina and the Asheville area.
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Duke Energy filed plans Tuesday for meeting growing electricity demand and reducing the use of fossil fuels to address climate change. Coal plants are going away, but new gas-fired power plants and small nuclear reactors will take their place, along with renewable energy.
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Duke Energy lost $234 million in the second quarter as mild spring temperatures reduced electricity use. But the company says belt-tightening will help it meet its annual profit target.
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A federal appeals court in Washington, D.C., has ordered federal energy regulators to reconsider their approval of an eight-month-old Southeast regional electricity trading system that includes Duke Energy.
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A spokeswoman said fewer than 90 Duke employees will join ArcLight when the deal closes by year's end. Duke expects to net $259 million from the sale.
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A coalition of businesses wants North Carolina lawmakers to fund a study of the potential benefits of introducing competition to the state's electricity market.