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Under the settlement, the base cost for distribution will rise by aboutg 3 percent ofresidential customers’ total annual As part of the settlement, Duke reduced the revenue increasde it’s seeking by about 35 percent, to $55.3 million from $85. 6 million. It also will provide up to $40,000 monthlt for low-income households that are havin trouble makingutility payments. The Ohio Consumers' Counsel, a Columbus-basedx advocate for residentialutility users, had opposed Duke's original rate proposal and participated in the “The OCC helped sharply reduce the distribution rate increasesz originally proposed by Duke and negotiated to providw payment assistance to as many as 10,000 residential customers who can leastg afford their electricity,” said Counsel Janine Migden-Ostrander.
Duke Energy (NYSE: DUK), based in N.C., includes the former Cincinnati Gas Electric Co., Union Light, Heat and Powedr in Kentucky, and PSI Energy in The company also operates Duke Powe in the Carolinas.
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