Proposed agreement to limit Duke Energy rate increases

subscribe

A proposed agreement filed October 27, with Ohio utility regulators will limit electricity rate increases for Duke Energy Ohio customers to 2 percent in 2009 and 2010, with no increase in 2011.

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.

Related News

San Juan coal fired generating station

When paying $1 for a coal power plant is still paying too much

SAN JUAN - One dollar. That’s how much an aging New Mexico coal plant is worth. And by some estimates, even that may be too much.

Acme Equities LLC, a New York-based holding company, is in talks to buy the 847-megawatt San Juan Generating Station for $1, after four of its five owners decided to shut it down. The fifth owner, the nearby city of Farmington, says it’s pursuing the bargain-basement deal with Acme to avoid losing about 1,600 direct and indirect jobs in the area.

 

We respectfully disagree with the notion that the plant is not economical

Acme’s interest comes as others…

READ MORE

Electricity users in Newfoundland have started paying for Muskrat Falls

READ MORE

San Diego Gas & Electric

Utilities commission changes community choice exit fees; what happens now in San Diego?

READ MORE

How waves could power a clean energy future

READ MORE

japanese wind farm

Japanese utilities buy into vast offshore wind farm in UK

READ MORE