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Stock impact report

Duke Energy's Unit Seeks Rate Hike to Build Smarter Grid [Yahoo! Finance]

Duke Energy Corporation (Holding Company) (DUK) 
Last duke energy corporation (holding company) earnings: 2/13 07:00 am Check Earnings Report
US:NYSE Investor Relations: duke-energy.com/our-company/investors
Company Research Source: Yahoo! Finance
Carolina (PSCSC). The company aims to support its continued investments in enhancing energy reliability, customer service and grid modernization. This is its first rate review request since 2022 and reflects DUK's efforts to meet future energy needs across central and northeastern South Carolina. If approved, the proposal will result in an overall revenue increase of $74.8 million, indicating a 12.1% increase over current revenues. For a residential customer using 1,000 kilowatt-hours monthly, the bill would rise by $21.66 to $166.51. Commercial and industrial customers will also see increases, varying based on the costs required to serve each category effectively. The current electric grid infrastructure is aging and requires regular upgrades to ensure reliability, especially during storms and periods of high demand. To keep pace with rising demand and enhance storm preparedness, Duke Energy Progress is investing in grid modernization, fleet improvements and the use of smart tech Show less Read more
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