Duke Energy Rate Increase Case In NC Supreme Court

11:04 AM, Nov 13, 2012   |    comments
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Raleigh, NC-- A requested rate increase that WFMY News 2 reported on for months is headed to the state's highest court.

This past spring Duke energy requested a historic rate increase of 17 percent. Needless to say, all of Duke Energy costumers and the state's top cop, Attorney General Roy Cooper was opposed.

After hearing from consumers, Cooper's office released a statement voicing opposition to the increase and appealed it.
See story here.

Monday, Roy Cooper's office announced that the NC Supreme Court will hear the case Tuesday and his office will appear before the court.

Cooper said in a news release that Consumers need to be taken into account when setting utility profit margins and evaluating requests for rate increases.

"Allowing double-digit profits when families and small businesses are struggling just to keep the lights on is wrong," Cooper said. "The specific impact on consumers must be part of the equation for determining utility profits and rates."

Cooper also has strong words for the NC Utilities Commission. He said the group failed to properly take into account economic conditions faced by consumers as required by NCGS § 62-133, Cooper's office contends in its briefs. The appeal points out that none of the experts who testified in support of the increase looked at the impact higher electricity rates would have on Duke Energy consumers who may be on fixed incomes or struggling with job losses, business customers facing reduced income, or taxpayers who fund government agencies and local schools.

Click on links for background and other information on this ongoing story. 

NC Attorney General's Office

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