Duke Energy Progress to request rate adjustments

Published on May 05, 2017 by Daily Energy Insider Reports

Duke Energy Progress filed notice this week of its plan to request rate adjustments for customers on or around June 1 in order to fund upgrades to its electric system, cleaner power generation and emergency response work.

The proposal will be presented before the North Carolina Utilities Commission (NCUC). It will detail costs associated with the management of coal ash and the safe closure of ash basins, emergency response to major storms such as Hurricane Matthew that impacted the state and various electric system modernization efforts.

“It’s our job to deliver an energy future that is safer, more reliable, and increasingly clean, powered by technology that gives customers access to more information, services and bill-lowering tools,” David Fountain, Duke Energy’s North Carolina president, said. “Accomplishing all these critical goals requires us to make smart investments, while also keeping rates affordable for all of our customers.”

Duke Energy Progress will finalize and make available specific details of the request when it completes its filing on or around June 1. Following the filing with the NCUC, the company will begin a process that includes public hearings and opportunities for comment.

Duke Energy Progress serves 1.3 million electric customers in central and eastern North Carolina and in the Asheville region. Duke Energy Carolinas serves different parts of North Carolina and is not included in the filing.