The request will increase electric rates by about 15% on average, driven primarily by capital investments made by the company.
The company said about three-fourths of the request is driven by capital investments it made in the Carolinas’ electric system over the past two years.
Duke Energy has proposed an average rate increase of 17% for residential customers, and 14% for industrial and commercial customers.
This fall, when rates are adjusted to reflect fuel costs, a typical residential customer using 1,000kWh of electricity per month will pay about $97.05, and if the rate increase is approved, that bill will increase by about $19, the company said.
If approved, the new electric rates would go into effect from February 2012.
