Duke Energy Carolinas, LLC
Application for Adjustment of Rates and Charges Applicable to Electric Service in North Carolina and for Performance Based Regulation
Docket No. E-7 Sub 1276
On January 19, 2023, Duke Energy Carolinas, LLC (DEC), filed an application with the Commission requesting authority to adjust and increase its rates and charges for electric service in order to produce an additional $833.2 million in retail base revenues, an increase of about 16.7% over current revenues. DEC has requested that this increase take place in three steps that include a general rate base increase and a multi-year rate plan (MYRP) filed pursuant to N.C. Gen. Stat. § 62-133.16 and Commission Rule R1-17B. DEC has requested approval of an application for performance-based regulation that allows DEC to adjust its base rates over three years in addition to the general base rate increase, a residential decoupling mechanism, an earnings sharing mechanism, and four performance incentive mechanism. The first-year increase would be partially offset by an $10.4 million refund of excess deferred income taxes resulting from the 2017 Federal Tax Cuts and Job Act and a reduction in North Carolina’s state-corporate tax rate.
Additionally, DEC is requesting approval of the following riders:
In its application, DEC stated that its request is driven by investments made since its 2019 rate case, E-2, Sub 1219, including:
Additionally, DEC is requesting an accounting order for approval of:
DEC also proposed a customer assistance program for eligible low-income customers, a tariffed-on-bill program, and the payment navigator program.
The Commission has scheduled five public witness hearings to receive testimony from DEC’s customers, as well as an expert witness hearing beginning May 1, 2023, for testimony and cross-examination of expert witnesses. There will not be an opportunity for public comments at the expert witness hearing, but the public is welcome to attend.
|Date||Time||Location||Docket||Description of Proceeding|
|Public Witness Hearings:|
|6/21/2023||7:00pm||Burke County Courthouse 201 South Green Street Courtroom 1A Morganton, NC||E-7 Sub 1276||Public Witness Hearing of DEC Application to Raise Electric Rates|
|6/22/2023||7:00pm||Mecklenburg County Courthouse 832 East 4th Street Courtroom 5350 Charlotte, NC||E-7 Sub 1276||Public Witness Hearing of DEC Application to Raise Electric Rates|
|7/24/2023||7:00pm||Forsyth County Courthouse 200 North Main Street Courtroom 1A Winston-Salem, NC||E-7 Sub 1276||Public Witness Hearing of DEC Application to Raise Electric Rates|
|7/26/2023||6:30pm||Held remotely via Webex||E-7 Sub 1276||Public Witness Hearing of DEC Application to Raise Electric Rates|
|7/31/2023||6:00pm||Held remotely via Webex||E-7 Sub 1276||Public Witness Hearing - DEC Application to Raise Electric Rates|
|8/14/2023||7:00pm||Durham County Courthouse 510 South Dillard Street Courtroom 7D Durham, NC||E-7 Sub 1276||Public Witness Hearing of DEC Application to Raise Electric Rates||Expert Witness Hearing:|
|8/28/2023||2:00pm||Hearing Room 2115, Dobbs Building, 430 N Salisbury, Raleigh, NC||E-7 Sub 1276||Expert Witness Hearing of DEC Application to Raise Electric Rates|
The July 26, 2023, public witness hearing will be held remotely via Webex, beginning at 6:30 p.m. A link to view the hearing will be available at www.ncuc.gov.
Members of the public that would like to testify must register in advance of the hearing, no later than 5:00 p.m. on Wednesday, July 19, 2023.
To register, please complete the electronic Remote Public Witness Registration form located on the Commission’s website at www.ncuc.gov/hearings/remotepublicregister.html.
Only the first 20 individuals registered by 5:00 p.m. on Wednesday, July 19, 2023, will be allowed to testify at the July 26, 2023,remote public witness hearing. This hearing will be canceled if no one registers to testify by 5:00 p.m. on July 19, 2023.