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North Carolina regulators have approved Duke Energy Progress’s plan to reduce what commercial rooftop solar customers get paid for electricity they send to the grid. Solar advocates say the change caught them by surprise and could make solar less attractive, especially for smaller customers.
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Duke Energy executives and expert witnesses faced pointed questions Monday on the opening day of a multi-day regulatory hearing in Raleigh on Duke Energy's request to raise rates in central and western North Carolina.
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Duke Energy plans to begin testing a flat-rate home charging service for electric vehicle owners this fall in North Carolina.
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State regulators will hear from experts at a hearing beginning Monday in Raleigh as they consider Duke Energy's request for a big rate hike in its central and western North Carolina territory.
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Electric bills in central and western North Carolina are going up more than 12% Sept. 1, after regulators approved Duke Energy's request to raise rates because of higher fuel costs.
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State regulators have approved a lower-than-requested rate increase for Duke Energy Progress customers in eastern North Carolina and the Asheville area.
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Duke Energy filed plans Tuesday for meeting growing electricity demand and reducing the use of fossil fuels to address climate change. Coal plants are going away, but new gas-fired power plants and small nuclear reactors will take their place, along with renewable energy.
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Duke Energy lost $234 million in the second quarter as mild spring temperatures reduced electricity use. But the company says belt-tightening will help it meet its annual profit target.
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A federal appeals court in Washington, D.C., has ordered federal energy regulators to reconsider their approval of an eight-month-old Southeast regional electricity trading system that includes Duke Energy.
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A spokeswoman said fewer than 90 Duke employees will join ArcLight when the deal closes by year's end. Duke expects to net $259 million from the sale.