Reporter Leokadia Głogulska writes: “RALEIGH, N.C., June 23, 2026, 04:21 EDT
Duke Energy Carolinas lowered its proposed residential rate hike to 11.6% from 18% on Monday. The change came after pushback from North Carolina Attorney General Jeff Jackson, regulators, other parties, and customers. The rate increase still requires approval from the North Carolina Utilities Commission.
The commission scheduled the expert-witness hearing for July 7 in Raleigh for Duke Energy Carolinas’ rate case, E-7 Sub 1329. New rates could start Jan. 1, 2027. The case involves performance-based regulation, a multi-year setup where the utility can recover approved costs and is evaluated by targets…
Expert Edward Burgess testified Duke’s rate would be far above inflation.”