Dive Summary:

• Duke Energy Corp. is postponing a rate increase for its Duke Energy Carolinas utility in North Carolina until early next year.
• A Duke spokesman said that the workload would too heavy for the utility to accommodate both this increase and the one proposed by its subsidiary Progress Energy Carolinas.
• Duke has informed the North Carolina Utilities Commission that it still intends to file the rate increase sometime in February.

From the article:

Duke Energy Corp. (DUK) is postponing seeking a rate increase for its Duke Energy Carolinas utility in North Carolina, its largest market, until the first quarter next year.

Duke, based in Charlotte, North Carolina, had planned to file the request with the state’s utilities commission by the end of the year. Earlier this month, Duke’s Progress Energy Carolinas utility filed a request for its first general rate increase since 1987, asking regulators to boost revenues by about $387 million a year. ...