From Winston-Salem Journal report Thursday:
The N.C. Utilities Commission will hold a public hearing on Duke Energy's proposed rate increases at 7 p.m. today in High Point City Hall.
The meeting, one of several around the state, comes after the company requested that residential rates rise 17 percent. (This would mean that residents' monthly bills would increase by at least $18 a month on average, according to one estimate.)
Businesses would see their rates increase by 14 percent if the commission approves Duke Energy's request.
Duke Energy says the increases are necessary to offset $4.8 billion that the company spent for modernizations in 2009.
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