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flag Duke Energy seeks NC regulators' approval for an 18% rate hike over two years.

flag Duke Energy Progress is asking North Carolina regulators to approve an 18% rate increase over two years, raising bills by $28.06 monthly starting in 2027. flag The utility states the hike is necessary to fund infrastructure upgrades, including new poles and powerlines, to meet demand from 150,000 new customers and improve grid reliability against severe weather. flag While the company emphasizes the need for these investments, residents argue the cost is burdensome during a time of high inflation and have urged regulators to consider the financial strain on households.

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