Utilities Commission Approves Partial Rate Hike, Coal Ash Settlement With Duke Energy | Beaufort County Now | The N.C. Utilities Commission on Friday, April 16, issued an order approving a partial rate increase for Duke Energy Progress and a settlement addressing coal ash cleanup costs.

Coronavirus Disease 2019 (COVID-19)
Publisher's Note: This post appears here courtesy of the Carolina Journal. The author of this post is Johnny Kampis.

Photo: Maya Reagan / Carolina Journal

    The N.C. Utilities Commission on Friday, April 16, issued an order approving a partial rate increase for Duke Energy Progress and a settlement addressing coal ash cleanup costs.

    The amount of the increase will be less than the 12.3% rate hike the private power provider requested, but the final number hasn't been determined. Duke Energy and the staff of the NCUC filed a settlement last July agreeing to an overall rate of return of 6.93%. The commission's Friday order finds that initial settlement to be "just and reasonable."

    Duke Energy, which serves a large portion of eastern North Carolina, implemented temporary rate increases in September to cover part of the requested increase.

    "The Commission anticipates that the final rates, which have yet to be calculated, will be somewhat higher than the temporary rates that are currently in effect," NCUC said in a news release.

    The order also approved a settlement between Duke Energy, state officials, and environmental groups that include Sierra Club, which tasks the power company with paying for the cost to clean up coal ash, a byproduct of burning coal in coal-fired power plants. The release notes that Duke Energy originally sought recovery of nearly $400 million of its costs for coal ash basin closure and other compliance measures incurred between September 2017 and August 2020, but the settlement reduced that number to around $140 million.

    The settlement reduces by $162 million the amount of coal ash costs Duke Energy can recover between March 2020 and March 3030. The company must also share with its customers proceeds from ongoing litigation related to coal ash insurance. Additionally, the order approved a total contribution from the company's shareholders of $11 million over the next two years to help low-income customers pay their power bills.

    Duke Energy said in a statement on its website that it's evaluating the order to "determine the exact impacts on customers rates in the coming weeks."

    "We are pleased with the NCUC's approval of the settlement agreements between Duke Energy and more than 10 diverse customer and environmental groups as a part of this transparent and thorough process," the company said. "The result is a decision that balances the needs of customers and the company."

    Johnny Kampis is a freelance writer for Carolina Journal.
Go Back


Latest Op-Ed & Politics

I have been following the Sheppard case and the Franks case the last couple of years with a somewhat dispassionate interest. The wheels of justice grind and they do grind slow.
On Wednesday, Dr. Elana Yaron Fishbein, the founder of the group No Left Turn in Education, blasted the Biden administration’s DOJ after the Biden Justice Department ordered the FBI to investigate alleged “threats” against school board members and teachers.
President Biden's numbers in the Tar Heel State are in the gutter. According to a recent High Point University poll, Biden's approval rating is at a lowly 35 percent.
Former N.C. congressman Mark Walker, a Republican candidate for the state’s open U.S. Senate seat in 2022, has taken numerous calls urging him to shift gears and try instead to return to the U.S. House.
Officials have admitted they are rounding up people who are virus-free as well as those reported infected, since infection is merely an excuse for shipping people to concentration camps.  
New polling from Pew Research Center appears to show that a slight majority of Republicans and Republican-leaning independents do not want former President Donald Trump to be the Republican Party’s nominee in 2024.
An involuntary recusal, in the teeth of a Justice’s own judgment that recusal is not necessary, is in effect a public declaration that the Justice has engaged in conduct prejudicial to the administration of justice.
A 75-year-old New York man died last weekend after a hospital refused to give him the drug Ivermectin in a last-ditch effort to save his life, despite an order from a judge, an exclusive report from News10NBC’s Jennifer Lewke revealed.
Former Rep. Tulsi Gabbard (D-HI) responded to Rep. Cori Bush’s (D-MO) recent attack on Sen. Joe Manchin (D-WV) by saying that the attack was rooted in a “lack of a spiritual foundation.”


Ten Republican governors gathered in Mission, Texas, on Wednesday where they unveiled a 10-point plan to end Democrat President Joe Biden’s border crisis.
North Carolina’s top elected school official is calling the Biden administration’s national vaccine mandate a clear example of government overreach.
It has been two months since the start of the Fall semester at UNC-Chapel Hill. In those two months, four students have died by suicide on campus.
Energy Secretary Jennifer Granholm told CNN on Sunday that Americans will pay more to heat their homes this winter as energy prices continue to skyrocket and that the administration hopes that gas prices do not hit $4 per gallon.
Texas is bracing for an influx of 60,000 Haitian migrants, expected this week, but another caravan of Haitians has already crossed into southern Mexico, and its leader — an American — is vowing to lead the migrants to the United States-Mexico border, leaving in just over two weeks.
Social media is buzzing about Virginia’s Republican Lt. Gov.-elect Winsome Sears. Her story bears a striking resemblance to North Carolina’s Republican N.C. Lt. Gov. Mark Robinson. Sears became the first woman and woman of color to be elected to that office in the state’s history on Tuesday, Nov. 2.
Why should I distinguish between white people and racists


Back to Top