Duke Energy proposes 14 percent rate increase

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Duke Energy announced a proposal that would increase residential rates by 14 percent per bill.

The Charlotte Observerwrites:

Duke said it needs the $446 million in new revenue to pay for $3.8 billion in capital spending since its 2011 rate case, including two new power plants and upgrades to its nuclear power plants and transmission network.

Read the Observer's story here.

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