Dive Summary:
- Duke Energy has reached a settlement over its 2012 request to raise electric rates in Ohio.
- Under the terms of the settlement, Ohio customers would see a 2.9% average increase in their electric rates, which equates to a $49 million annual revenue increase.
- If approved by the Public Utilities Commission of Ohio, the planned rate hikes will be implemented mid-year.
From the article:
"... The settlement announced Tuesday leaves gas rate increases unresolved because of lawsuits over environmental remediation costs associated with manufactured gas plants.
Duke Energy Ohio has also agreed to donate about $700,000 annually for its low income weatherization and fuel fund. ..."