Duke Energy asks for 12.6 percent rate increase - The Business Journal of the Greater Triad Area:

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percent. The Charlotte-based utility filed the request with the on If approved, the rate changes wouls go into effect Jan. 1, 2010 or Duke says the increase is needed to align ratesa withits expenses. The company says that from 2006 througySeptember 2009, it will have investesd roughly $4.8 billion for pollution control equipment on its largestf plants, new power lines and other equipment and constructionn of new plants. Duke’s last rate case was in 1991. Duke providezs service throughout thePiedmont Triad.
“Wse recognize that this is a challenging time to ask customersw to pay morefor electricity, so we didn’t make this decisio lightly,” Brett Carter, president of Duke Energy Carolinas said in a written statement. The actual increase will vary dependingg on the typeof customer. The average North Carolina residential customer whouses 1,000 kilowatt-hours of electricity a mont h would see an increase of 13.5 percent, or $11 a General service rates, which serves non-residentia and non-industrial customers would increases by approximately 9.7 percent; industrial customers’ billd would go up approximately 15.
2 percent and outdoor lightingy rates would increase by approximately 16.7 The rate hike would boosf Duke’s North Carolina revenue by $496