RALEIGH (AP) — Duke Energy and attorneys representing North Carolina consumers say they've reached a deal that would raise customers' average bills annually in the state for the next two years.
The Charlotte-based utility and the consumer lawyers announced today a proposed settlement agreement that would phase in an 8 percent general rate increase over two years starting Jan. 1. But some agreed-to adjustments would lower the overall increase to 7 percent.
The N.C. Utilities Commission has to sign off on the deal. A hearing on the matter is scheduled to begin Wednesday.
Robert Gruber with the commission's Public Staff said the average residential customer would see a monthly increase of about $7, to $97.50. Duke hasn't received a general rate increase since 1991.
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