rate increase

Duke Energy has reduced its proposed rate increase for residential customers by more than half. The original proposal called for an 18% cost increase.

Attorney General Jeff Jackson is challenging Duke Energy Progress' proposed 15% rate increase, claiming it would impose $960 million in unnecessary charges on customers over the next two years.

Residents and lawmakers opposed a proposed Illinois American Water rate increase during a Bolingbrook hearing. Nearly every speaker in the first hour of the hearing spoke against the proposal.

The Illinois Tollway is proposing a rate increase starting next year to fund a $26.5 billion capital investment program. The initiative aims to finance infrastructure improvements through higher toll rates.

Bolingbrook Mayor Mary Alexander-Basta urged Commerce Commission regulators to reject Illinois American Water's proposed $142 million rate increase. The request was directed to the Commerce Commission.

Duke Energy is seeking North Carolina's approval to raise rates, with a 7-hour hearing held to evaluate the request. State officials are determining whether the company's proposal is reasonable.

PJM has implemented a rate increase, prompting a discussion on how a holistic energy strategy can help utilities manage costs, enhance reliability, and generate revenue.

The head of the European Central Bank defended the bank's recent rate increase, stating it will help reduce inflation to its 2% target by next year.

Duke Energy is reducing its proposed rate increase from 18% to 11.6% following pushback from North Carolina Attorney General Jeff Jackson. The revised proposal still requires approval from the North Carolina Utilities Commission, with a hearing scheduled for July 7 and a final decision expected in the fall. If approved, the new rates would take effect on Jan. 1, 2027.

Attorney General Jeff Jackson announced that Duke Energy Carolinas has reduced its proposed residential rate increase following objections. The adjustment comes after concerns were raised about the initial rate hike.

Stocks fell sharply and bond yields jumped after the Federal Reserve, in Kevin Warsh's debut, held rates steady but signaled a likely increase later this year.

Consumers Energy has requested a $456 million rate increase and a $25 million 12-month surcharge from the Michigan Public Service Commission. Michigan Attorney General Dana Nessel has announced her office will intervene, criticizing the request as inflated and highlighting concerns about rising energy costs and utility profits.