AG Jeff Jackson: Duke Energy cuts proposed rate hike after objections

Ciara Lankford Tue, June 23, 2026 at 3:17 AM UTC

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NORTH CAROLINA (QUEEN CITY NEWS) — Attorney General Jeff Jackson announced Monday that Duke Energy Carolinas has reduced its proposed residential rate increase after objections.

Duke Energy lowered its proposed residential rate hike from 18% to 11.6%, Jackson said. Duke Energy officials clarify they’ve lowered their initial request for a rate hike from 14.3% to 9.3%.

“That happened after our office objected, along with Public Staff, other intervenors, and many North Carolinians,” Jackson said. “It’s a step in the right direction, but it’s still too high.”

Jackson said his office will continue challenging the proposal before the North Carolina Utilities Commission, arguing that families should not bear unnecessary costs and should not be left paying for infrastructure needed to serve data centers and other large energy users.

“We’ll keep making our case for lower rates – and for making sure families don’t get stuck paying unfair costs for data centers and other large users,” Jackson said.

The company says they are working on how the reductions will translate to reduced bills for residential customers. They plan to have that information in the coming days.

“Over the last few months, we have listened carefully to feedback from customers and stakeholders. In response, we have proposed an alternative path that lessens the projected cost impact on customers while continuing to make the investments necessary to serve North Carolina’s growing energy needs,” a Duke Energy spokesperson said.

The North Carolina Utilities Commission will start a hearing on the DEC Rate Case on July 7.

The commission will decide whether to approve, reduce, or reject Duke’s proposed increase. If approved as filed, new rates would begin taking effect on January 1, 2027.

This is a Developing Story. Check back for updates

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