Duke Energy still pushing for multiyear rates in North Carolina

RALEIGH, N.C. (AP) – North Carolina senators aren’t accepting House changes to a Senate bill that replace a proposal to let Duke Energy Corp. seek multiyear electric rates from state regulators with simply studying the idea instead.

The Senate voted on Tuesday to reject the House version of the measure. Leaders in the two chambers appointed negotiators to work out their differences.

Charlotte-based Duke Energy has pushed hard this year for the option to seek multiyear rates from the Utilities Commission and to receive some flexibility in their profit margin. House members weren’t as confident that the Senate version would receive Democratic Gov. Roy Cooper’s support, so the study idea surfaced.

The idea of multiyear rate-setting comes after state utilities regulators last year wouldn’t approve a 10-year Duke Energy proposal on electricity grid updates.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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