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Public hearing on rate increases set for today

Submitted by Martha Brock on Thu, 10/27/2011 - 3:24am

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.

Ken Keuffel

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Comments

Gee, I wonder if the CEO is part of the 1%? All these ....

Submitted by denno on Thu, 10/27/2011 - 6:03am.

utility companies, electric and phone, have a real racket going, being that they are monopolies. They have a siphon going directly to the ratepayers pockets to pay a bunch of execs who don't contribute anything to society, other than demanding more bonuses without any merit to show.

How to submit written comment on Duke rate increase proposal

Submitted by Martha Brock on Fri, 10/28/2011 - 8:20am.

Written comments on the rate increase can be submitted to

Public Staff of the N.C. Utilities Commission
Consumer Services Division
4326 Mail Service Center
Raleigh, NC 27699-4326

or email to: consumer.services@psncuc.­nc.gov

Martha Brock