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Duke Energy and Utility Commission public staff propose settlement on rate increase

The public staff for the state Utilities Commission and Duke Energy have reached an agreement on Duke's request for a 13 percent residential rate increase to cover operating expenses.

The propsal, which must be approved by the Utilities Commission, would allow Duke to raise residential rates by about 7 percent over two years, said Robert Gruber, executive director of the Utility Commission's public staff.

The two-year increase will add $7.31 to the monthly bill for a household that uses 1,000 kilowatt hours of electricity. Currently, a Duke Energy customer using 1,000 kilowatt hours a month pays $90.19.

The first of the two rate increases will occur Jan. 1 and will add $3.70, or 4 percent, to an average residential customer's bill.

Duke's request for a 13 percent increase would have added about $11 a month to residential bills. Duke raised rates by about 5 percent on Sept. 1 to offset higher energy prices.

The Charlotte-based utility has 4 million electricity customers in five states, including about 160,000 in the western Triangle.

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