Greensboro Area Customers Duke Energy Bills Could Increase 6 Percent

Senior man paying bills

RALEIGH, N.C. — About two million Duke Energy customers incentral and western North Carolinawould face an average 6% rate increase if state regulators approve the country's largest electric company's request.

Duke Energy said Monday it needed another $290 million a year to recoup spending on grid upgrades, coal-ash cleanup, storm repairs and to increase its potential profit margin to 10.3%. The company also proposes recouping money faster for three coal-burning power plants, potentially leading to earlier closings.

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