Duke Energy rate increase approved: Average $84 per year increase: Did the News & Record report it?

"N.C. regulators have approved Duke Energy’s proposed 7.2% rate for this state in a ruling that will raise the typical residential customer’s bill an average of $7 a month.

...The compromise ...will raise about $309 million in new annual revenue from customers.

The new rates will go into effect next month.

Under the agreement almost all customers — residential, commercial and industrial — will get the same 7.2% increase.

On Wednesday, the S.C. Public Service Commission approved a 6% increase for Duke customers in South Carolina."

John Downey