Duke Energy Progress gets approvals for rate review request in South Carolina

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Duke Energy Progress received approval from multiple stakeholder groups, including the Southern Alliance for Clean Energy, for its rate review request in South Carolina. The approved rate increase of approximately $52 million—41 percent less than the $89 million originally requested—will result in typical residential customers paying about $10.95 more per month starting April 1, 2023. The agreement also resolves coal ash basin closure cost recovery and requires final approval from the Public Service Commission of South Carolina.