John DowneyWith fuel costs rising overall, Duke had sought to increase its rates by 5.6% for residential customers, 7% for commercial customers and 10.2% for industrial customers. The S.C. Office of Regulator Staff reviewed Duke's calculations and argued that the company was seeking about $1.3 million in additional charges that were not justified.
That was out of a total of more than $29 million in additional charges. Duke agreed late last week to accept the regulatory staff's calculations. If the S.C. Public Service Commission accepts the settlement, Duke's rate will increase 5.5% for residential customers, 7% for commercial customers and 10% for industrial customers.