Duke Energy customers to see dip in utility hikes

CHARLOTTE, N.C. -- Duke Energy customers in both Carolinas will see a temporary reprieve in utility rate hikes. The North Carolina Utilities Commission approved rate adjustments that will reduce the bill of a typical residential customer by about $2.50 a month starting Sept. 1. That will partly offset a $7 monthly increase implemented in February. In South Carolina, Duke has proposed a decrease that would effectively wipe out a $6 monthly rate increase approved in January. The changes don't affect customers of Progress Energy Carolinas, now a Duke subsidiary. The dip likely won't last. Duke and Progress plan to seek general rate hikes in both states later this year. Rates in both Carolinas are adjusted each year to reflect changing fuel costs.

Source: http://www.msnbc.msn.com/id/48709318/ns/local_news-charlotte_nc/

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