06/23/2026
Duke Energy wants North Carolina households to pay more.
The company is for an average customer to pay 18% more over two years – roughly $34 more each month by 2028.
Duke says it needs the money for a larger, more resilient electric system as North Carolina grows and adds new industrial energy users. The question isn’t whether the grid needs investment. It does. The question is whether customers are being asked to cover the right investments, at the right cost, with the right accountability.
Here's what's raising questions:
Duke Energy reported $4.9 billion in profit in 2025. Their Board of Directors flew 78,000+ miles on corporate jets for board meetings in one year — up from 20,000 miles in the last rate case. They purchased two new Gulfstream jets. Duke also wants to recover $72 million in COVID-era unpaid bills to earn even more.
Meanwhile, residential customers are being asked to absorb an 18% increase while business customers face 11% and industrial customers face 13%.
Nearly 200 people showed up at a public hearing in Durham to oppose the proposal. More than 4,000 written comments have been filed against it. NC Attorney General Jeff Jackson even submitted a 700-page opposition.
When utilities plan for rising demand, regulators should ask:
- Are cheaper clean resources being fully considered?
- Are grid upgrades being targeted where they’re actually needed?
- Are customers being protected from utility spending that drives profits without lowering costs?
The NC Utilities Commission is expected to decide by August 2026. If they don't rule by September 20, 2026, the rate hike could be automatically approved.
For anyone who's in North Carolina or following proposed pricing hikes like this one, what are your thoughts?