In the news recently you might have heard that Duke Energy has filed a request with the North Carolina utility regulators for a 15% rate increase for all North Carolina residents. According to Duke Energy, the proposed rate increase is necessary to improve its aging facilities and recover the $4.6 billion spent on modernizing its facilities to meet state and federal environmental guidelines. If passed, Charlotte homeowners would see an average increase of about $20 on their monthly electric bill. We want to get your feedback as to whether you agree or disagree with the proposed plan.

On one hand, you have Duke Energy about to become the largest electric utility in the country with its merger with Progress Energy. It is estimated that $700 million will be saved in the first five years of the merger due to reduced fuel costs and efficiencies gained by jointly operating the combined facilities. For 2010, Duke Energy reported a 23% increase in its profits amounting to $1.3 billion dollars. Is it fair to assume that  with the combined cost cutting measures and the increase in profits, Duke Energy should be able to pay for its own infrastructure improvements? Is it really necessary for the consumers to pay an increase for Duke Energy's expenses?



On the other hand, Duke Energy is working towards becoming a more efficient electric company. They have already spent most of their capital investments on replacing old power plants to comply with environmental regulations and by 2015 plan on retiring 18 units at five of its coal-fired plants and 20 units at four of its natural gas plants. The increase may very well be a turning point in Charlotte's air pollution battle and help reverse our impact on surrounding woodlands and waterways. Are you willing to pay a 15% increase in your electric bill to help reduce our states pollution? Do you think Duke Energy is even going far enough in their plans for improving their infrastructure?

We all want to live in a healthy environment and have a greener impact on our environment, however that ideology has hurdles. We want to hear from you as to what you think of the proposed rate increase.