{"id":860276,"date":"2025-06-12T17:38:33","date_gmt":"2025-06-12T21:38:33","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers\/"},"modified":"2025-06-12T17:38:33","modified_gmt":"2025-06-12T21:38:33","slug":"duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers\/","title":{"rendered":"Duke Energy Progress proposes new rates to support ongoing efforts to build a smarter energy future for South Carolina customers"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<ul type=\"disc\">\n<li>\n          <b>Recent investments have strengthened the grid and reduced outages for customers<\/b>\n        <\/li>\n<li>\n          <b>Company last requested a regulatory review of rates in 2022<\/b>\n        <\/li>\n<\/ul>\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">GREENVILLE, S.C.<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">June 12, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Duke Energy Progress today asked <span class=\"xn-location\">South Carolina<\/span> regulators to perform a public review of the company&#8217;s current rates.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/660545\/Duke_Energy_New_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/660545\/Duke_Energy_New_Logo.jpg\" title=\"Duke Energy logo (PRNewsfoto\/Duke Energy)\" alt=\"Duke Energy logo (PRNewsfoto\/Duke Energy)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<ul type=\"disc\">\n<li>This is the company&#8217;s first request to review rates since 2022. It comes as the company continues working to increase system diversity and reliability, enhance the customer experience and meet future energy demands.<\/li>\n<li>Duke Energy Progress serves about 177,000 customers primarily in central and northeastern <span class=\"xn-location\">South Carolina<\/span>.<\/li>\n<\/ul>\n<p>\n        <b>By the numbers:<\/b> The company&#8217;s application in front of the Public Service Commission of <span class=\"xn-location\">South Carolina<\/span> (PSCSC) requests an overall revenue increase of <span class=\"xn-money\">$74.8 million<\/span>, which represents a 12.1% increase over current revenues.<\/p>\n<ul type=\"disc\">\n<li>If approved, monthly electric bills for typical residential customers using 1,000 kilowatt-hours per month would increase <span class=\"xn-money\">$21.66<\/span> a month \u2013 from <span class=\"xn-money\">$144.85<\/span> per month to <span class=\"xn-money\">$166.51<\/span> \u2013 effective\u00a0Feb. 1, 2026. Commercial customers will see an average increase of 12.8% and industrial customers will see an average increase of around 3.6%. The amount of increase per customer class can vary based upon how much more additional revenue is needed to ensure that the class is covering the cost to serve them.<\/li>\n<\/ul>\n<p>\n        <b>Why it matters:<\/b>\u00a0Duke Energy is committed to meeting customers&#8217; increasingly higher expectations around reliability, responsiveness, affordability and value.<\/p>\n<ul type=\"disc\">\n<li>This proposal reflects the investments we have made to strengthen the grid, improve storm readiness, maintain and enhance our generating fleet and serve a growing customer base.<\/li>\n<li>It also reflects how the company is doing that work: with discipline, with a focus on operational excellence, and with a thoughtful approach to how and when we seek rate adjustments.<\/li>\n<\/ul>\n<p>\n        <b>Investments in action: <\/b>The company&#8217;s grid investments have positioned it well for storm response.<\/p>\n<ul type=\"disc\">\n<li>For example, as Hurricane Helene made its way across the Carolinas, grid improvements were already helping to combat power outages from the storm.<\/li>\n<li>Smart, self-healing technology installed across the Duke Energy Progress service territory helped to automatically restore more than 10,000 customer outages and saved more than 28,000 hours of total outage time, showing the value of the self-healing programs.\u00a0<\/li>\n<\/ul>\n<p>\n        <b>Our view: <\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>&#8220;We know families and businesses are juggling a lot and we do not take a request to increase rates lightly but being upfront and timely with our request is the right thing to do and in the best interest of our customers.&#8221; \u2013\u00a0<b><span class=\"xn-person\">Tim Pearson<\/span>, Duke Energy&#8217;s <span class=\"xn-location\">South Carolina<\/span> president<\/b><\/li>\n<\/ul>\n<p>\n        <b>More info<\/b><br \/>\n        <b>: <\/b>Details on the company&#8217;s proposal, the rate review process and the variety of assistance programs and billing options offered by the company can be found <a href=\"http:\/\/www.duke-energy.com\/SCProgressRates\" target=\"_blank\" rel=\"nofollow\">here<\/a>.<\/p>\n<p>\n        <b>Duke Energy Progress<\/b><br \/>\n        <br \/>Duke Energy Progress, a subsidiary of Duke Energy, owns 13,800 megawatts of energy capacity, supplying electricity to 1.8 million residential, commercial and industrial customers across a 28,000-square-mile service area in <span class=\"xn-location\">North Carolina<\/span> and <span class=\"xn-location\">South Carolina<\/span>.<\/p>\n<p>\n        <b>Duke Energy<br \/><\/b>Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in <span class=\"xn-location\">Charlotte, N.C.<\/span>, is one of America&#8217;s largest energy holding companies. The company&#8217;s electric utilities serve 8.6 million customers in <span class=\"xn-location\">North Carolina<\/span>, <span class=\"xn-location\">South Carolina<\/span>, <span class=\"xn-location\">Florida<\/span>, <span class=\"xn-location\">Indiana<\/span>, <span class=\"xn-location\">Ohio<\/span> and <span class=\"xn-location\">Kentucky<\/span>, and collectively own 55,100 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in <span class=\"xn-location\">North Carolina<\/span>, <span class=\"xn-location\">South Carolina<\/span>, <span class=\"xn-location\">Tennessee<\/span>, <span class=\"xn-location\">Ohio<\/span> and <span class=\"xn-location\">Kentucky<\/span>.<\/p>\n<p>Duke Energy is executing an ambitious energy transition, keeping customer reliability and value at the forefront as it builds a smarter energy future. The company is investing in major electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables and energy storage.<\/p>\n<p>More information is available at\u00a0<a href=\"http:\/\/www.duke-energy.com\/\" target=\"_blank\" rel=\"nofollow\">duke-energy.com<\/a>\u00a0and the <a href=\"https:\/\/news.duke-energy.com\/\" target=\"_blank\" rel=\"nofollow\">Duke Energy News Center<\/a>. Follow Duke Energy on\u00a0<a href=\"https:\/\/x.com\/dukeenergy\" target=\"_blank\" rel=\"nofollow\">X<\/a>,\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/duke-energy-corporation\" target=\"_blank\" rel=\"nofollow\">LinkedIn<\/a>,\u00a0<a href=\"https:\/\/www.instagram.com\/duke_energy\" target=\"_blank\" rel=\"nofollow\">Instagram<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.facebook.com\/dukeenergy\" target=\"_blank\" rel=\"nofollow\">Facebook<\/a>, and visit <a href=\"http:\/\/illumination.duke-energy.com\/\" target=\"_blank\" rel=\"nofollow\">illumination<\/a>\u00a0for stories about the people and innovations powering our energy transition.<\/p>\n<p>Contact: <span class=\"xn-person\">Ryan Mosier<\/span><\/p>\n<p>24-Hour: 800.559.3853<\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL09695&amp;sd=2025-06-12\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers-302480740.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers-302480740.html<\/a><\/p>\n<p>SOURCE  Duke Energy<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CL09695&amp;Transmission_Id=202506121735PR_NEWS_USPR_____CL09695&amp;DateId=20250612\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Recent investments have strengthened the grid and reduced outages for customers Company last requested a regulatory review of rates in 2022 GREENVILLE, S.C. , June 12, 2025 \/PRNewswire\/ &#8212; Duke Energy Progress today asked South Carolina regulators to perform a public review of the company&#8217;s current rates. This is the company&#8217;s first request to review rates since 2022. It comes as the company continues working to increase system diversity and reliability, enhance the customer experience and meet future energy demands. Duke Energy Progress serves about 177,000 customers primarily in central and northeastern South Carolina. By the numbers: The company&#8217;s application in front of the Public Service Commission of South Carolina (PSCSC) requests an overall revenue increase of $74.8 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Duke Energy Progress proposes new rates to support ongoing efforts to build a smarter energy future for South Carolina customers&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-860276","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Duke Energy Progress proposes new rates to support ongoing efforts to build a smarter energy future for South Carolina customers - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Duke Energy Progress proposes new rates to support ongoing efforts to build a smarter energy future for South Carolina customers - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Recent investments have strengthened the grid and reduced outages for customers Company last requested a regulatory review of rates in 2022 GREENVILLE, S.C. , June 12, 2025 \/PRNewswire\/ &#8212; Duke Energy Progress today asked South Carolina regulators to perform a public review of the company&#8217;s current rates. This is the company&#8217;s first request to review rates since 2022. It comes as the company continues working to increase system diversity and reliability, enhance the customer experience and meet future energy demands. Duke Energy Progress serves about 177,000 customers primarily in central and northeastern South Carolina. By the numbers: The company&#8217;s application in front of the Public Service Commission of South Carolina (PSCSC) requests an overall revenue increase of $74.8 &hellip; Continue reading &quot;Duke Energy Progress proposes new rates to support ongoing efforts to build a smarter energy future for South Carolina customers&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-12T21:38:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/660545\/Duke_Energy_New_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Duke Energy Progress proposes new rates to support ongoing efforts to build a smarter energy future for South Carolina customers\",\"datePublished\":\"2025-06-12T21:38:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers\\\/\"},\"wordCount\":638,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/660545\\\/Duke_Energy_New_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers\\\/\",\"name\":\"Duke Energy Progress proposes new rates to support ongoing efforts to build a smarter energy future for South Carolina customers - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers\/","og_locale":"en_US","og_type":"article","og_title":"Duke Energy Progress proposes new rates to support ongoing efforts to build a smarter energy future for South Carolina customers - Market Newsdesk","og_description":"PR Newswire Recent investments have strengthened the grid and reduced outages for customers Company last requested a regulatory review of rates in 2022 GREENVILLE, S.C. , June 12, 2025 \/PRNewswire\/ &#8212; Duke Energy Progress today asked South Carolina regulators to perform a public review of the company&#8217;s current rates. This is the company&#8217;s first request to review rates since 2022. It comes as the company continues working to increase system diversity and reliability, enhance the customer experience and meet future energy demands. Duke Energy Progress serves about 177,000 customers primarily in central and northeastern South Carolina. By the numbers: The company&#8217;s application in front of the Public Service Commission of South Carolina (PSCSC) requests an overall revenue increase of $74.8 &hellip; Continue reading \"Duke Energy Progress proposes new rates to support ongoing efforts to build a smarter energy future for South Carolina customers\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers\/","og_site_name":"Market Newsdesk","article_published_time":"2025-06-12T21:38:33+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/660545\/Duke_Energy_New_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Duke Energy Progress proposes new rates to support ongoing efforts to build a smarter energy future for South Carolina customers","datePublished":"2025-06-12T21:38:33+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers\/"},"wordCount":638,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/660545\/Duke_Energy_New_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-progress-proposes-new-rates-to-support-ongoing-efforts-to-build-a-smarter-energy-future-for-south-carolina-customers\/","name":"Duke Energy Progress proposes new rates to support ongoing efforts to build a smarter energy future for South Carolina customers - 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