Greensboro, NC-- Duke Energy wanted an 18% rate increase for homes, but so many people complained, the company has changed its mind, twice. Last week, Duke Energy lowered the request to an average 12%. Now, they're asking for a 7.2% increase for all customers.
The company wants to raise your rates to pay for upgrades it already made and employee benefits. The proposal also includes $11 million to help low-income families pay their bills.
Here's what a 7.2% increase means to you. If your bill is $100 a month, you'll pay an extra $7.20 each month. That's an additional $86.40 a year.
The North Carolina Utilities Commission still must approve the rate increase proposal. Hearings on that begin Monday, Nov. 28. If approved, your rates would increase beginning in February 2012.