SC regulators counter Duke rate increase

SC regulators counter Duke rate increase

Credit: NBC Charlotte

SC regulators counter Duke rate increase

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by Associated Press

WCNC.com

Posted on July 3, 2013 at 9:40 AM

SPARTANBURG, S.C. (AP) -- South Carolina regulators have filed a counter proposal that would limit a rate increase proposed by Duke Energy.
 
The Herald-Journal of Spartanburg reports that the Office of Regulatory Staff filed testimony Monday that would nearly cut in half the increase proposed by the Charlotte-based utility. .
 
In March, Duke proposed raising rates by 15 percent to help generate an extra $220 million each year. Duke says it would raise the rate for a homeowner who uses 1,000 kilowatts of power a month by $18 to around $118.
 
Duke also is asking for a 14 percent increase in rates for industrial customers. Public hearings will likely be this summer.
 
Duke last raised rates in February 2012. It has 540,000 South Carolina customers, mostly in the Upstate.

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