Monday, August 16, 2010

Utility commission approved increase

The North Carolina Utilities Commission has approved Duke Energy’s proposal to add 27 cents to each residential customer’s bill starting Sept. 1 to pay for Duke’s renewable-energy portfolio.

Commercial customers will get $1.32 added to their monthly bills, and industrial customers will see $13.21 added to theirs.

Duke (NYSE: DUK) provides electricity to much of the western Triangle, including Durham and Chapel Hill.

The new charge pays the costs for Duke to comply with the renewable-energy portfolio standard set by the North Carolina General Assembly in 2007. By 2021, each investor-owned utility in the state is to produce 12.5 percent of the energy it sells from renewable sources.

Read more: N.C. approves Duke Energy renewables charge - Triangle Business Journal

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