Duke Energy requests 16.7 percent rate hike on residential customers

August 26, 2017

The Duke Energy Carolinas rate increase, its first in five years, would average 13.6 percent across all types of customers, including factories and retail stores. The brokerage now has a $97.00 target price on the utilities provider’s stock. Besides, Duke Energy said, it kept the commission informed in semi-annual reports, implying regulators had a chance to object before now. The downturn was mainly due to the absence of International Energy…