Brett Carter

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 →