We Look At How Duke Energy's Rates Compare With Utilities Across The Southeast

5:38 PM, Nov 2, 2011   |    comments
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  • Courtesy: Edison Energy Institute
    

An advocacy agency says Duke Energy shouldn't get the full rate increase it requested.

Duke Energy wants an overall 15% rate increase, including homes and business. Duke Energy says it needs the increase to cover upgrades the company already made as well as employee benefits and an employee buyout program.

But the group "The Public Staff" says says the increase should be less than 5%. Click here to read The Public Staff's reasoning.

Duke Energy, Public Staff, the Attorney General's office and other groups will present testimony about the rate increase the Monday after Thanksgiving. A Duke spokesman and an attorney for the Utilities Commission tell us this is standard for any rate increase request.

The Commission will listen to all sides beginning November 28 and will then decide if Duke Energy gets and increase and if so, how much.

One more note about energy costs. We found out we needed to sharpen our pencils to make sure we're comparing apples to apples on what electric companies charge. A comparison we did Tuesday on WFMY News 2 at 6 did not include some surcharges. On Wednesday, we made a new comparison using the numbers energy companies submit to the Edison Electric Institute.

According to the Edison Electric Institute, Duke Energy charges you 8.94 cents per kilowatt hour. Progress Energy charges 10.22 cents.

South Carolina Electric and Gas charges customers there 11.84 cents per kilowatt hour. Georgia Power customers pay 10.98 and Dominion Virginia customers pay 10.71 cents per kilowatt hour.

This is part of the reason Duke Energy is asking for that increase.

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