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A series of required price adjustments will see the average North Carolina residential customer of Duke Energy Progress saving a little less than $2 a month starting in January.
Duke Energy is asking its customers in North Carolina and South Carolina to reduce electricity usage during the next 24 hours to help avoid potentially high energy demand caused by the extreme cold. A statement from the Charlotte-based utility says the most critical time to reduce usage is Thursday between 5 a.m. and 10 a.m.
Hundreds of people are without power in Brunswick County and Columbus County Monday night.
Duke Energy Progress says it is launching an initiative to modernize outdoor lighting across its service area. The utility says it's received approval from the N.C. Utilities Commission to replace more than 100,000 mercury vapor street and area lights with advanced light emitting diode, or LED, fixtures.
A Florida company is building a 196-foot tower in Hoke County to determine whether the area has enough wind to generate electricity. The Fayetteville Observer reported that NextEra Energy Resources is building the tower near Lumber Bridge. Equipment on the tower will measure wind speeds for up to five years.
Duke Energy has entered into a $1.2 billion agreement with ElectriCities to buy back minority stakes in several North Carolina power plants. The deal is expected to lower power bills of thousands of eastern North Carolina residents by reducing debt for the North Carolina Eastern Municipal Power Agency, which is managed by ElectriCities. Duke entered into the deal, which was announced over the summer, on Friday.
North Carolina's highest court is examining whether state utilities regulators correctly weighed the consumer impact of two rate increases for a Duke Energy operating unit.