Charlotte Residents Rally Against Duke Energy's Proposed Rate Hikes
Residents of Charlotte, North Carolina, are organizing a rally to protest Duke Energy's proposal to increase residential electricity bills by 18% by 2028. The rally, led by the Sierra Club and other advocacy groups, will take place at the Mecklenburg County Courthouse ahead of a public hearing by the North Carolina Utilities Commission (NCUC). Duke Energy's request comes amid rising utility costs and has sparked concerns about affordability. The company, which reported nearly $5 billion in profits last year, seeks to raise its profit margins to one of the highest in the country. The NCUC will hold multiple public comment hearings to gather feedback before making a decision.