- Public Service Commission of South Carolina approves nearly all components of a settlement agreement
- Outcome supports company's efforts to increase system reliability, diversityand enhance the customer experience while keeping rates below national average
GREENVILLE, S.C., July 8, 2024 /PRNewswire/ -- The Public Service Commission of South Carolina (PSCSC) has approved new customer rates based on a settlement agreement with almost all parties in the Duke Energy Carolinas rate review request filed with the commission in January of this year.
The changes in customer rates – which remain below the national average – come after a lengthy and very public process evaluating a request to recover investments made to increase system diversity and reliability, enhance the customer experience and meet future energy demands for nearly 660,000 customers primarily in the Upstate region of South Carolina.
The agreement with almost all parties, including certain consumer, environmental and industrial groups in South Carolina, was submitted in May. The agreement was reached with the South Carolina Office of Regulatory Staff, the South Carolina Energy Users Committee, Southern Alliance for Clean Energy, Coastal Conservation League, Vote Solar, and the South Carolina Small Business Chamber of Commerce. While not signatories to the agreement, both Walmart and CMC Recycling did ...