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Duke Energy Progress to propose rate adjustment update

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As part of an effort to build a smarter energy future for North Carolinians, Duke Energy Progress filed notice of its plan to request rate adjustments for customers on or about June 1.

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 this filing.

The investments in this proposal, which will be presented before the N.C. Utilities Commission, will include efforts to modernize the state’s electric system, generate cleaner power, and costs associated with emergency response to major storms like Hurricane Matthew that impacted communities across the state. The request will also include costs associated with the ongoing management of coal ash and the safe closure of ash basins.

“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,” said David Fountain, Duke Energy’s North Carolina president. “Accomplishing all these critical goals requires us to make smart investments, while also keeping rates affordable for all of our customers.”

Specific details of the request will be finalized and available when Duke Energy Progress completes its filing on or about June 1. Following the filing with the NCUC, a public and transparent process will begin that includes public hearings and opportunity to comment.

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