Duke Energy Carolinas Proposes New Rates to Support South Carolina’s Energy Future
Charlotte, NC – July 1, 2025 – Duke Energy Carolinas has submitted a proposal to the Public Service Commission of South Carolina (PSCSC) for new rates designed to support critical investments in modernizing the state’s energy infrastructure and ensuring a reliable and cleaner energy future for its South Carolina customers. The proposed rate adjustment, if approved, would aim to reflect the significant investments the company is making in grid modernization, renewable energy integration, and enhanced storm resiliency.
The proposed changes are part of Duke Energy’s broader strategy to adapt to evolving energy demands and regulatory requirements, with a particular focus on meeting the needs of a growing customer base and addressing the challenges posed by climate change. These investments are intended to ensure that South Carolina continues to have access to safe, reliable, and increasingly sustainable energy for years to come.
A key driver for the proposed rate adjustment is the company’s commitment to upgrading the energy grid. This includes the implementation of advanced technologies such as smart meters, enhanced undergrounding of power lines in critical areas, and sophisticated grid monitoring systems. These upgrades are vital for improving service reliability, reducing the frequency and duration of power outages, and enabling quicker restoration in the event of severe weather events.
Furthermore, Duke Energy is dedicated to expanding its renewable energy portfolio. The proposed rates would help fund the integration of more solar and wind power into the energy mix, aligning with national and state goals for a cleaner energy future. This transition not only contributes to environmental sustainability but also diversifies energy sources, potentially leading to greater price stability in the long term.
The company also highlighted the importance of investments in storm hardening measures. South Carolina, like many states, is increasingly vulnerable to the impacts of extreme weather. The proposed rates would enable Duke Energy to make necessary improvements to its infrastructure, such as strengthening poles and lines, to better withstand the effects of hurricanes and other severe storms, thereby minimizing disruptions for customers.
Duke Energy Carolinas emphasized that the proposal undergoes a rigorous review process by the PSCSC, which includes opportunities for public input and testimony from various stakeholders. The company has stated its commitment to transparency throughout this process and to working collaboratively with regulators and customers to find solutions that balance the need for investment with affordability.
In its announcement, Duke Energy Carolinas expressed its understanding of the impact that rate changes can have on customers. The company indicated that it would be providing detailed information about the proposed changes and the rationale behind them to customers in the coming weeks. This includes offering resources and information to help customers understand the proposal and explore options for managing their energy bills.
The proposal is now under consideration by the Public Service Commission of South Carolina, and a decision is anticipated following a thorough review and public hearing process.
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PR Newswire Energy published ‘Duke Energy Carolinas proposes new rates to support ongoing efforts to build a stronger energy future for South Carolina customers’ at 2025-07-01 20:30. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.