The North Carolina Utilities Commission has issued an order granting a partial rate increase for Duke Energy Progress.
Western North Carolina residents recently made it clear they do not support Duke Energy Progress’s request for a 15 percent rate increase for its customers.
As required by law, the North Carolina Utilities Commission conducted a public hearing to gather input on the corporation’s request. More than a dozen people testified during the quasi-judicial hearing held in Franklin, and a majority of the speakers were against any increase at all.
Duke Energy isn’t the only utility company raising its electric rates this year amidst rising energy costs, but some local electric customers will see a better deal than others.
Duke Energy is proposing a $62 million solar rebate program designed to help its North Carolina customers with the upfront cost of installing solar panels on their property.
An electric rate study Waynesville Mayor Gavin Brown called “sobering” was presented to the Waynesville Board of Aldermen Oct. 10 and shows shrewd fiscal management on behalf of the town, but an inevitable rate increase on the horizon.
Thanks to the N.C. Supreme Court and the North Carolina General Assembly, the Town of Waynesville’s about to be back in the capacity use fee business.
Duke Energy has roped Waynesville in for another year even though the town hoped to quit buying its wholesale power from the energy giant by year’s end.
Waynesville has emerged victorious in a nail-baiting quest for cheaper wholesale power to resell to its own electric customers.
The town of Highlands may not be interested in investing millions to rebuild a hydropower plant along the Cullasaja River, but a private corporation out of Atlanta does want to make it happen.
If Waynesville has a dirty little secret, it’s this: a cash cow runs through its power lines.
Of course, it’s not dirty and not a secret — not really. Town leaders don’t hide the fact they have a lucrative electric system. It reaps over $1 million in profits annually for the town.