South Carolina Public Service Commission approves Duke Energy Progress rate request

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The South Carolina Public Service Commission approved Duke Energy Progress's rate review request, resulting in residential customers paying approximately $10.95 more per month starting April 1, 2023. The $52 million total approved increase was 41 percent less than the $89 million initially requested and reflects an agreement reached with multiple stakeholder groups including Southern Alliance for Clean Energy, environmental organizations, and consumer advocates. The agreement addresses coal ash basin closure costs, grid modernization investments, and storm restoration reserves.