The public will have a chance to weigh in on power utility Duke Energy’s plans to raise its rates by 15 percent, as the South Carolina Public Service Commission will hold a series of public hearings beginning next month.
The Charlotte utility says it needs to raise about $216 million to help recover $6.5 billion the company has invested during the past two years to modernize its system and comply with new regulations. Duke last requested a rate hike in South Carolina two years ago, the first time it had done so since 1991. Regulators approved a 5.2 percent average increase, although the company had asked for a 7.2 percent increase.
The company serves 600,000 customers in South Carolina. Duke has also requested a similar hike in North Carolina.
Schedule of the hearings, which will be held at 6 p.m.:
— On Oct. 19, at Spartanburg Community College’s Tracy J. Gaines Building Auditorium, 800 Brisack Road;
— On Nov. 8, at USC Lancaster in the Bradley Multi-Purpose Room, 476-D Hubbard Drive, Lancaster;
— On Nov. 9, at Greenville County Council Chambers, 301 University Ridge Suite 2400, Greenville;
— On Nov. 10, at Anderson Civic Center in Ballroom A and B, 3027 MLK Jr. Blvd., Anderson.