The North Carolina Utilities Commission approved Duke Energy Carolina’s request to increase their electric rate in North Carolina.
North Carolina customers will see an average increase of 7.2 percent. Duke says that would equal about $7 for the average customer.
“We believe the settlement balances the company’s need to recover investments made in the electric system with the reality that many of our customers face continued economic challenges,” said President of Duke Energy North Carolina Brett Carter.
As part of the agreement reached with NCUC, Duke must donate about $11 million of shareholder money to non-profits to help low-income residents with the energy bills.
North Carolina Attorney General Roy Cooper has been against the increase since it was first proposed.
“I am disappointed the Commission allowed Duke’s rate increase for customers,” Cooper said. “We intend to look into the opinion and look at available options.”
Earlier this week, South Carolina also approved a rate increase for Duke Energy.