|Day's Range||85.86 - 86.60|
|52 Week Range||72.34 - 87.75|
|PE Ratio (TTM)||27.41|
|Dividend & Yield||3.42 (3.96%)|
|1y Target Est||N/A|
The first rate-case skirmishes have started over Duke Energy Progress’ plan to recover coal ash costs from customers. The N.C. Attorney General wants more information about ash disposal and potential liability. Duke has balked at providing it.
The N.C. Utilities Commission issued an order Tuesday clearing the way for it to consider Duke Energy Progress’ proposed 14.9% rate increase . The order issued Tuesday by the commission requires a full rate case proceeding and suspends the rates Duke Energy proposes to implement Jan. 1 for 270 days. The commission has not yet issued a schedule for the proceeding but is not expected to wait the entire 270 days.
Duke Energy Progress proposes increasing rates 3.8% starting in December for fuel costs and a handful of other charges that are separate from the utility’s proposed 14.9% rate hike . The increases must be approved by the N.C. Utilities Commission. Once all of the changes are in effect — the last shows up in bills Jan. 1 — a typical residential customer will see an increase of $2.45 on an average monthly bill.