Duke Energy Progress to propose rate adjustment update for cleaner, more reliable energy for North Carolina

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  • Request to adjust customer bills will be made on or about June 1

RALEIGH, N.C. – As part of a determined effort to invest in, and build, a smarter energy future for North Carolinians, Duke Energy Progress today filed notice of its plan to request rate adjustments for customers on or about June 1. 

Duke Energy Progress serves 1.3 million electric customers in central and eastern North Carolina and in the Asheville region. Duke Energy Carolinas serves different parts of North Carolina and is not included in today's filing.

The investments in this proposal, which will be presented before the N.C. Utilities Commission (NCUC), will include efforts to modernize the state’s electric system, generate cleaner power, and costs associated with emergency response to major storms like Hurricane Matthew that impacted communities across the state. The request will also include costs associated with the ongoing management of coal ash and the safe closure of ash basins.

“It’s our job to deliver an energy future that is safer, more reliable, and increasingly clean, powered by technology that gives customers access to more information, services and bill-lowering tools,” said David Fountain, Duke Energy’s North Carolina president. “Accomplishing all these critical goals requires us to make smart investments, while also keeping rates affordable for all of our customers.”

Specific details of the request will be finalized and available when Duke Energy Progress completes its filing on or about June 1. Following the filing with the NCUC, a public and transparent process will begin that includes public hearings and opportunity to comment.

About Duke Energy Progress

Duke Energy Progress owns nuclear, coal-fired, natural gas, renewables and hydroelectric generation. That diverse fuel mix provides about 12,900 megawatts of owned electric capacity to approximately 1.5 million customers in a 32,000-square-mile service area of North Carolina and South Carolina.

Headquartered in Charlotte, N.C., Duke Energy is one of the largest energy holding companies in the United States. Its Electric Utilities and Infrastructure business unit serves approximately 7.5 million customers located in six states in the Southeast and Midwest. The company’s Gas Utilities and Infrastructure business unit distributes natural gas to approximately 1.6 million customers in the Carolinas, Ohio, Kentucky and Tennessee. Its Commercial Renewables business unit operates a growing renewable energy portfolio across the United States.

Duke Energy is a Fortune 125 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at duke-energy.com

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