Duke Energy reduces rate hikes

By:?News 14 Carolina Web Staff

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Duke Energy customers in North and South Carolina will see a temporary reprieve in utility rate hikes.

The Charlotte Observer reports the North Carolina Utilities Commission approved rate adjustments that will reduce a typical residential customer bill by about $2.50 a month, Starting September 1.

It will partly offset a $7.00 monthly increase implemented in February.

The changes don't affect customers of Progress Energy Carolinas, which is now a Duke subsidiary, but the dip likely won't last.

Duke and Progress plan to seek general rate hikes in both states later in 2012.

Source: http://charlotte.news14.com/content/local_news/triad/662534/duke-energy-reduces-rate-hikes

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