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Duke Energy filing to merge utilities; rate hikes spur $985M profits in Q2
Duke Energy has reported $985 million in profits in its Q2 2025 financial report, driven by rate increases and development via commercial and data center customers; per the utility’s release, “by the implementation of new rates and riders, partially offset by higher O&M expenses and interest expense.”
Duke Energy shuffles costs to make proposed Carolinas merger more attractive to SC
Duke Energy is asking state and federal regulators to approve to a merger of its two utility companies providing power to the Palmetto and Tar Heel states. To get South Carolina regulators to agree, the utility company proposes shuffling money around between customer groups to prevent potential sticker shock to its electric customers in the
Together Duke Energy Carolinas (DEC) and Duke Energy Progress (DEP) serve 857,000 customers in 31 South Carolina counties from Horry to Oconee.
Four public hearings will be in the Upstate.
It was one of four in-person public hearings held by the North Carolina Utilities Commission. Duke Energy has asked state regulators to let it raise rates by more than 16% in the coming months.
Duke Energy Corporation’s Duke Energy Progress has requested a public review of the company’s rates as it intends to lift prices. The company, serving 177,000 customers primarily in central ...
RALEIGH — Opponents want North Carolina lawmakers to reject Duke Energy Corp.'s push to line up profitable infrastructure projects years into the future and bypass lengthy regulatory battles.
Duke Energy Carolinas is seeking an annual revenue increase of $150.5 million, or 7.7%, in South Carolina.
Posted: July 2, 2025 | Last updated: July 2, 2025 Customers with Duke Energy in South Carolina could potentially see an increase in their electricity bills.
The increase impacted commercial customers by 4.6% and industrial customers by 4.4% Additionally, Duke Energy also sought to reduce their annual adjustment for fuel costs in South Carolina in ...
CHARLOTTE — Duke Energy is asking to raise energy rates by nearly 7.7% in South Carolina. This would impact about 700,000 customers in the Upstate region and Interstate 77 corridor. The ...
Tampa Free Press on MSN1d
Dunedin Residents To See Water Rate Increase This October
City cites rising costs, infrastructure needs, and state mandates for the first rate hike since 2020. Beginning October 1, ...
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