July 20, 2012

Update:  Similarly to Duke’s gas distribution case, Duke filed an application for increase of its electric rates in which it seeks an increase in the amount of $86.6 million.  Duke is currently earning a 3.18% rate of return and is requesting an 8.13% rate of return.  Duke proposes that the electric rate increases also take effect in January 2013.  The proposed rate increases (on average and depending on usage and season) are as follows:

DS (Distribution at Secondary Voltage):     3%-6%
DM (Secondary Distribution Service-Small):     1%-9%
DP (Primary Voltage):                4%-9%
TS (Transmission Voltage Primary):     less than 1%