Duke Energy says agreement reached in rate review request in South Carolina

Duke Energy "has reached a comprehensive agreement with all parties, including consumer, environmental and industrial groups in South Carolina, for its rate review request filed in September of last year. If the agreement is approved by the Public Service Commission of South Carolina, the company plans to implement the increase beginning April 1, with the typical residential customer in South Carolina using 1,000 kilowatt hours of electricity paying about $10.95 more per month. The agreement will also impact the rates of commercial and industrial customers. The total increase will be approximately $52 million, about 41% less than the $89 million Duke Energy Progress requested to recover investments made to increase system reliability and resiliency, achieve a cleaner, smarter energy future, and focus on operational excellence and enhancing the customer experience for more than 172,000 customers in the Pee Dee region of South Carolina."