© 2025 WFAE

Mailing Address:
WFAE 90.7
P.O. Box 896890
Charlotte, NC 28289-6890
Tax ID: 56-1803808
90.7 Charlotte 93.7 Southern Pines 90.3 Hickory 106.1 Laurinburg
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
WFAE's HD signals are impaired. Learn more.
Here are some of the other stories catching our attention.

Duke Energy Says Regulators' Order Could Mean 1.2 Percent Rate Increase

David Boraks/ WFAE

Duke Energy says state regulators' Friday order denying its request for a rate hike in its western North Carolina territory could still mean a small rate increase for customers. 

In a federal regulatory filing Monday, the company estimates the order will result in an immediate rate decrease of 0.1 percent, then a 1.2 percent increase after four years. 

New rates are expected to take effect in mid-July.  

Meanwhile, Duke told investors in the filing it expects to take a $150 million charge against profits in the second quarter for two other items in Friday's order: a $70 million penalty related to coal ash cleanups and regulators' decision to disallow a profit on costs related to the canceled Lee Nuclear Project in South Carolina.

David Boraks previously covered climate change and the environment for WFAE. See more at www.wfae.org/climate-news. He also has covered housing and homelessness, energy and the environment, transportation and business.