NC-Duke NC

Case: E-7 SUB 1146
Initial Filing Date: 6/7/2017
Summary: Recent work to modernize the electric system, generate cleaner power (including exploring nuclear development), responsibly manage and close coal ash basins, improve reliability, and continually improve service to customers has made it necessary for DE Carolinas to request a net base rate increase in its retail revenues of approximately $611 million, which represents an approximate overall 12.8 percent increase in annual revenues.  The Company also proposes a Grid Reliability and Resiliency Rider (“ORR Rider”) to recover ongoing costs related to the modernization of the grid, known as Power/Forward Carolinas. Including the proposed Rider, the total impact of the Company’s increase is approximately $647 million, or a 13.6 percent increase across all customer classes.
Effective Date: 6/1/2021
Status: Settled
Type: Electric

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