Proposed agreement to limit Duke Energy rate increases
Consumer advocates, Duke Energy and the staff of the Public Utilities Commission of Ohio negotiated the rate agreement. If the PUCO commissioners approve the negotiated deal, the new rates will take effect in January for customers of Duke, which serves a territory from the Springboro-Franklin area south to the Ohio River.
Duke said its original proposal would have increased rates for residential customers by 6 percent in 2009 and 2 percent in 2010 and decreased rates by 2 percent in 2011.
The increase will be 2 percent annually for 2009 through 2011 for Duke's non-residential customers, the utility said.
The rates cover the company's basic generation costs, Duke said. Customers' bills will also include Duke's costs for fuel, environmental rules compliance, and electricity bought from other systems to meet peak demands.
Duke also agreed to invest $1.75 million per year in assistance to low-income customers, consumer advocates said. The money will be distributed by local nonprofit organizations.
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BEIJING - China has approved construction of the 2,000-MW Lawa hydropower station on the Jinsha River, multiple news agencies are reporting.
Lawa, at the junction of Sichuan province and the Tibet autonomous region, will feature a 784-foot-high dam and the reservoir will submerge about 12 square miles of land. The Jinsha River is a tributary of the Yangtze River.
The National Development and Reform Commission of the People’s Republic of China is reported to have said that four turbine-generator units will be installed, and the project is expected to produce about 8.36 billion kWh of electricity annually.
Total investment in the project is…
