DUK · News · 20260811N
Rate Case Outcomes
Duke Energy CORP · 2026-08-11 · Importance 46 · Surprise 42 · In source text
Duke Energy Progress is defending a North Carolina rate case before the North Carolina Utilities Commission during evidentiary hearings beginning Aug. 10, 2026. A proposed settlement would reduce the original residential rate increase request from 18% to 9.3% over two years, equivalent to an average annual increase of 3.4% over two years. The settlement includes a $10 million contribution to low-income assistance programs. The proceeding also addresses allocation of electric-grid upgrade costs for large new customers, including data centers.
Key facts
- Duke Energy cut its proposed rate increase for residential customers in North Carolina from 18% to 9.3% over two years as part of a settlement under review by the North Carolina Utilities Commission. source
- The settlement under review includes a $10 million contribution for low-income assistance programs. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | probable | -0.1% | The settlement under review includes a $10 million contribution for low-income assistance programs. |
| revenue | negative | probable | — | Duke Energy cut its proposed rate increase for residential customers in North Carolina from 18% to 9.3% over two years as part of a… |