Monday numbers: A closer look at Duke Energy Carolinas’ proposed rate hike

Monday numbers: A closer look at Duke Energy Carolinas’ proposed rate hike

- in Environment, Top Story

Duke Energy Carolinas, LLC has filed an application with the Utilities Commission requesting authority to raise its rates for electric service. For a residential electric customer using 1,000 kilowatt-hours per month, the current monthly bill of $102.71 would increase to $108.43 under Duke’s proposal.

Wednesday evening in Graham there will be a 7 p.m. public hearing on the proposed rate increase at the Alamance County Historic Courthouse (1 Court Square) in Graham. Several environmental groups are protesting the increase at a demonstration, beginning at 6 p.m., also at the courthouse.

Thursday evening at 7 p.m. there will be a second public hearing on the proposal at the Mecklenburg County Courthouse (832 East 4th Street, Courtroom 5350) in Charlotte.

Customers can also submit a written statement to the Commission via email. Be sure to include docket number E-7 Sub 1214 in the subject line.

This week’s column is based on the proposed rate hike:

2 million — Number of Duke Energy Carolinas customers

6.7%
— Proposed residential rate increase for Duke Energy Carolinas customers

$8.06
— Estimated bill increase for households that use an average of 1,000 kilowatt hours per month

10.92
— Cents per kilowatt hour paid by Duke Energy Carolinas residential customers

11.37
— Average cents per kWh, South Atlantic states

13.16
— Average cents per kWh , national

$297 million
— Additional revenue the overall increase would generate for the utility

$6.94 billion
—Revenue increase for the entire company, third quarter 2019

$4 million
— Duke Energy Carolinas expenditures for “civic, political and related activity”

$24,000
— Amount contributed to Sen. Thom Tillis by Duke Energy Political Action Committee, 2019

$8,700
— To U.S. Rep. Richard Hudson, representing NC Congressional District 8

$5,000
— Each to U.S. Reps. Patrick McHenry, Alma Adams, George Holding, David Rouzer

$2,500
— To U.S. Rep. Dan Bishop

$3.9 million
— Lobbying expenses for entire Duke Energy company, 2019

Update: Political and lobbying expenses are not paid by customers, but by shareholders.

Sources: Duke Energy Carolinas website, NC Utilities Commission filings, OpenSecrets.org