South Carolina regulators slap down Duke Energy rate increase, call executives 'tone deaf' [View all]
State utility regulators on Wednesday reduced a proposed rate increase that would have affected 591,000 Duke Energy customers in the Upstate, and called executives of the energy company "tone deaf" for the proposal.
Duke Energy requested last year to increase its Residential Basic Facilities Rate charge from $8.29 to $28, a spike that annually would've resulted in $236.52 more per customer in energy costs.The company later agreed to lower the charge to either $11.70 or $13.09.
The Public Service Commission is expected to announce a final decision on the rate increase in coming weeks.
A directive, written by Commissioner Thomas Ervin, who represents the Upstate, cut the planned rate increase, reduced the rate of return Duke Energy could collect in the future and reduced what the company could charge customers for coal ash cleanup in North Carolina. The directive further called out Duke Energy leaders for the proposal.
Read more: https://www.greenvilleonline.com/story/news/2019/05/02/sc-regulators-slap-down-duke-energy-rate-increase-call-executives-tone-deaf/3652767002/
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