North Carolina residents may see a bump in their electricity bills this spring.
Duke Energy announced today that it reached a preliminary agreement with North Carolina Public Utility Commission staff on an approximately $310 million increase in the customer base rates, about a 7.2% increase. If approved by the North Carolina PUC, the rate increase–based on 10.5% return on equity (ROE) and 53% equity component of capital structure–will take effect February 2012. Keep reading →
With debate on cost allocation for building new transmission lines still heated in Washington DC and FERC 1000 still pending, Duke American Transmission Company (DATC) made its own decision.
On Monday, the company–a joint venture between Duke Energy and American Transmission Company–announced it would be building $4 billion worth of new transmission lines in seven distinct projects across Iowa, Wisconsin, Illinois, Indiana and Ohio. The projects, each spanning anywhere from 65 to 696 miles, would be a combination of both 345-kilovolt lines and 500-kilovolt high-voltage direct-current lines. Keep reading →
