North Carolina News Summary
Full Transcript
Duke Energy is facing significant opposition to its proposed rate hike from North Carolina officials. Governor Josh Stein and Attorney General Jeff Jackson have both voiced their concerns regarding Duke Energy's request for a 15% increase in utility rates, which would raise the average monthly cost for residents to approximately $193.
The increase is part of a larger request amounting to an annual revenue increase of $1 billion, with the company citing rising demand for electric power and the need for grid upgrades. The North Carolina Utilities Commission is expected to make a decision on this proposal late next year, as the debate continues over energy pricing and regulatory oversight in the state.
Meanwhile, North Carolina's mountain and foothill communities are preparing for the first major winter storm of the season, with crews working diligently to treat roads and ensure safety for residents.
The storm is expected to bring snow, sleet, and freezing rain, prompting local officials to urge drivers to stay off the roads as preparations ramp up. In Wilmington, the Planning Commission has approved amendments to the land code that could facilitate the construction of more duplexes downtown.
This change aims to address housing shortages in the area by reducing barriers for property owners, contingent on final approval by the Wilmington City Council in January. Lastly, Duke Energy has initiated a major project in Rockwell, Rowan County, involving the replacement of about 1,400 utility poles and capacity upgrades in response to the area's growing demand for electricity.
This project is anticipated to impact local traffic and may lead to planned outages as work progresses over the next two to three years.