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Fact Sheet: Duke Energy Rate Hikes Download PDF
Fact Sheet: Annual Rate Hikes Bill Download PDF

New Duke CFO outlines priorities, Charlotte Observer

{August 6, 2013}

Longtime Duke Energy executive Steve Young, named Tuesday as the utility’s chief financial officer, says he will continue to focus on hitting earnings targets, growing Duke’s dividend and buffing its balance sheet and credit ratings… Good has said Duke would like to move to a pay-as-you-go model for new power plants and other infrastructure, whose costs in most cases are now billed to customers only once they’re in service.

How Duke fleeced Florida customers for $1.5 billion, WTSP News 10 (Tampa)

{August 2, 2013}

On Thursday, Duke Energy Florida (formerly Progress Energy) announced that the company would pull the plug on its future Levy Co. nuclear plant. And the money the company has been collecting from customers for years — and will continue to collect until 2018 — will go toward Duke Energy’s expenses and profits. (Article and video)

Thank you, Tallahassee, for making us pay so much for nothing, Tampa Bay Times

{August 1, 2013}

Hey, elected clowns! Thanks for passing a law forcing Duke Energy customers to pay up to $1.5 billion in higher rates for a long proposed nuclear power plant in Levy County that will not be built… This borders on fraud. If our elected officials had not rubber-stamped it into law seven years ago, it probably would be.

NC’s AG Cooper to appeal Progress Energy rate hike, Associated Press

{May 31, 2013}

North Carolina’s Attorney General Roy Cooper said Friday he would challenge an electricity rate increase taking effect Saturday that will cost the average home an extra $88 a year. The rate increase will cost consumers an extra $326 million over the next two years. The greatest increase will fall on residential customers, who will see a 6.5 percent average increase this year while some large customers see rates increase by 2.7 percent. “This order puts utility profits ahead of people,” Cooper said in a statement. “It talks about how much consumers are hurting but sticks them with higher rates anyway.”

NC Attorney General to fight Progress rate increase in court, The News & Observer

{May 31, 2013}

State Attorney General Roy Cooper said Friday he will ask the N.C. Supreme Court to block a 7.5 percent rate increase that North Carolina regulators approved a day earlier for Duke Energy Progress. Cooper is challenging the N.C. Utilities Commission’s approval of a Progress rate increase, issued late Thursday in a 120-page order. The AG said the commissioners failed to consider the economic effect of the rate increase on Progress customers.

Groups to ramp up fight against Duke Energy rate hikes, WSOC-TV

{May 30, 2013}

Some consumer advocacy groups are ramping up their fight against Duke Energy’s proposed rate hike. On Thursday night, groups including AARP, Consumers Against Rate Hikes and Greenpeace gathered in the North Davidson area to talk about strategy and planning. The groups want to prepare people to speak at a public hearing on June 26 held by the North Carolina Utilities Commission, which will decide the rate request. Their goal is to get 500 people at the meeting, which is at the Mecklenburg County Courthouse at 6 p.m.

North Carolina Utilities Commission approves rate increase for Duke Energy Progress’ North Carolina customers, PR Newswire

{May 30, 2013}

The North Carolina Utilities Commission (NCUC) today approved Duke Energy Progress’ proposed settlement in the company’s request to increase electric rates for its North Carolina customers. “We are pleased the N.C. Utilities Commission has approved our settlement in this case. We believe that the settlement reflects a balance between the needs of our company and those of our customers,” said Paul Newton , Duke Energy state president – North Carolina.

Public speaks out against Duke rate increase at hearing, The Macon County News

{May 23, 2013}

On Tuesday, the public had its chance to voice any opposition they had towards Duke Energy and their proposed rate hikes. Duke Energy has proposed a 9.7 percent increase in its electric rates. The North Carolina Utilities Commission is holding hearings across the state to allow the public to have their say. Franklin was the site of one of these hearings — the only one west of Asheville — and people filled the courtroom designated for the hearing at the Macon County Court House Tuesday night.

Public, officials debate Duke Energy rate hike, McDowell News

{May 23, 2013}

Marion Mayor Steve Little said he wanted to voice his “strongest possible objection” to the rate hike. “A request for an increase of the size that we see is unconscionable,” said Little. “It is simply not reasonable. It is not fair. We are not one of the big guys. We are not rich but we get hammered.”

Duke Energy Rate Hike Webinars – May 13th and 15th

{May 9, 2013}

May 13, 1-2 p.m.: Information on Duke Rate Hikes
May 15, 6:30-7:30 p.m.: How to Tell a Compelling Story at the hearings