Duke Energy to hold public hearing on rate hike - FOX Carolina 21

Duke Energy to hold public hearing on rate hike

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SPARTANBURG, SC (AP/FOX Carolina) -

Duke Energy will hold a public hearing about its plan to increase electric rates by 17 percent.

The Charlotte, N.C.-based utility filed a request in August with the South Carolina Public Service Commission to help recover part of the $6.5 billion it has spent on its electricity generating and
transmission system in the Carolinas since 2009.

The company said the move would add about $15 to the average monthly home power bill of $99.

The request would have to be approved by state regulators.

If approved, new rates would likely go into effect in February 2012.

The utility company scheduled the meeting at the request of Sen. Glenn Reese (D-Spartanburg).

The meeting will be held at the Tracy J. Gaines building at Spartanburg Community College on Oct. 19 at 6 p.m.

Copyright 2011 FOX Carolina. All rights reserved. The Associated Press contributed to this report.

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