Critical
WCNC
Duke Energy's proposed rate hike for North Carolina customers may exceed initial estimates. While the company previously projected a 6.8% increase, new reports suggest the hike could reach 9.3%, significantly impacting residential customers.
This revelation has drawn criticism from state officials and consumer advocates, who question the transparency and accuracy of Duke Energy's filings. The discrepancy complicates the company's regulatory standing as it faces mounting opposition.
Why it matters: Political resistance to Duke Energy's rate hikes is growing. On August 16, the North Carolina governor supported challenges to the increases, signaling a trend that could encourage stricter scrutiny of utility rate proposals.