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Three public meetings in the North East brought together hundreds of people dissatisfied with the increase demanded by Duke Energy, which led the regulators to issue a directive reducing demand and slamming the utility provider as "tone deaf "and exaggerated frames. (Archive video above: Hundreds of people attend meetings to protest Duke's proposed increase) A Public Service Commission directive issued Wednesday responded to Duke Energy's request Carolinas raise the rate to $ 231 million and obtain a return on equity of 10.50%. This increase would have affected more than half last year, one million customers of Upstate.Duke Energy have requested the increase from $ 8.29 to $ 28 basic residential installation fees, increase that, according to critics, would have generated $ 236.52 per customer per year. Duke then agreed to reduce the charge from $ 11 to $ 13. Commissioner Thomas Ervin, who represents the Upstate, has written the directive that reduces the planned rate increase, reduces the rate of return that Duke Energy can collect in the future and reduces the fees charged by Corporate customers for cleaning coal ash in North Carolina. The directive condemned the utility for its apparent lack of respect vis-à-vis the impact of this increase on customers. "The CEO and the management team demonstrated that they were" deaf-mute "as to the negative impact of a 238% increase in base facility load on According to the directive, regulators have also attacked the salaries of Duke's CEO and senior executives Ervin's directive says: "I recommend the rejection of 75% of the excessively high remuneration of the CEO's CEOs. for South Carolina during the year 2017 test and a disallowance of 50% for the three highest executives of the company. The Charlotte Observer announced that Duke Energy's CEO, Lynn Good, had gained $ 21.4 million last year, an increase of 55% over the previous year, according to La The woman's total compensation included a base salary of $ 1.34 million and $ 17.2 million in stock, while the previous year her base salary was $ 1.29 million. Duke Energy, Ryan Mosier, said: "While we are currently evaluating the decision of the South Carolina Public Service Commission, we do not agree with some of the commission's findings and conclusions." Conduct a thorough review of the order once issued – including any necessary clarification – then evaluate the next steps, keeping in mind that it is essential to find a balance between the needs of our customers and the wise investments that may keep the costs to a minimum and maintain South Carolina's competitiveness Mosier did not specify whether Duke was considering appealing this decision to the South Carolina Supreme Court. The Public Service Commission is expected to announce its final decision on rate increases in the coming weeks. Upstate Forever was released on Facebook on Friday: "To all those who have commented on the rate increase proposed by Duke Energy, thank you! You have been heard and made a difference. "
Three public meetings in the North East brought together hundreds of people dissatisfied with the increase demanded by Duke Energy, which led the regulators to issue a directive reducing demand and slamming the utility provider as "tone deaf "and exaggerated frames.
(Video archive above: Hundreds of people attend meetings to protest Duke's proposed increase)
A Public Service Commission directive released on Wednesday responded to Duke Energy Carolinas' request to raise the tax rate by $ 231 million and earn a return on equity of 10.50%.
The increase would have affected more than half a million customers in the north of the state.
Last year, Duke Energy had asked for an increase in base fees for residential residential installations from $ 8.29 to $ 28, an increase which, according to critics, would have generated $ 236.52 per customer per year. Duke subsequently agreed to reduce the fees from $ 11 to $ 13.
Commissioner Thomas Ervin, who represents the Uststate, drafted the directive to reduce the planned rate increase, reduce the rate of return that Duke Energy will be able to collect in the future, and reduce the fees charged by the company for the future. cleaning coal ash in North Carolina.
The directive criticized the utility for its apparent lack of respect for the increased impact on customers.
"The CEO and the management team showed that they were" deaf-mute "on the impact that an increase of 238% in basic facility billing would have on people elderly, the disabled, low-income and low-usage clients, "said the directive.
Regulators have also tackled the salaries of Duke's CEO and senior executives.
Ervin's directive states: "I recommend rejecting at 75% the excessively high executive pay for South Carolina for South Carolina during the 2017 test year and 50% for all three. most senior executives of the company. "
According to Charlotte Observer, Duke Energy's CEO, Lynn Good, earned $ 21.4 million last year, an increase of 55% over the previous year, according to the company's proxy filing. .
Good's total compensation included a base salary of $ 1.34 million and $ 17.2 million in shares. In the previous year, his base salary was $ 1.29 million and his free shares were $ 9.12 million.
Ryan Mosier, spokesman for Duke Energy, said, "While we are currently evaluating the decision of the South Carolina Public Service Commission, we disagree with some of the commission's findings and legal conclusions.
"We will conduct a thorough review of the order once issued – including the necessary clarifications – then we will evaluate the next steps, keeping in mind that it is essential to find a balance between the needs of our customers and smart investments that keep costs down South Carolina is competitive in the long run. "
Mosier did not specify whether Duke was considering appealing this decision to the Supreme Court of South Carolina.
The Public Service Commission is expected to announce a final decision on rate increases over the next few weeks.
Upstate Forever posted on Facebook on Friday: "To everyone who has commented on Duke Energy's rate hike, thank you! You have been heard and made a difference. "
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