Duke Energy Progress Rates Going Up

posted by Mark Starling -

Duke Energy Progress is raising rates for its residential customers to help pay for coal ash basin closure costs.  

The North Carolina Utilities Commission approved the increase from eleven-dollars-and-thirteen-cents to fourteen-dollars.  

The hike is expected to bring in more than 230-million-dollars over five years to help in the coal ash cleanup.   

Duke Energy must also may a 30-million-dollar penalty for oversight of coal ash management.

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