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Charlotte, North Carolina reels as 81 people arrested in immigration raids; Court rules label exemption for ultra-processed food unlawful; E-cigarette dangers to pregnancies seen in NC study; Judge scolds Justice Department for 'profound investigative missteps' in Comey case; Shutdown fallout pushes more Ohio families to food banks.

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Donald Trump urges Republicans to vote for Epstein documents to be released. Finger-pointing over the government shutdown continues and federal cuts impact the youth mental health crisis.

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A voting shift by Virginia's rural Republicans helped Democrats win the November governor's race; Louisiana is adopting new projects to help rural residents adapt to climate change and as Thanksgiving approaches, Indiana is responding to more bird flu.

Duke Energy's proposed rate hike, profits under fire

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Friday, September 20, 2024   

Duke Energy is facing criticism over its proposed rate hikes of up to 16%, while delaying the retirement of its coal-fired power plants in Indiana.

The energy company, which recorded a profit of $497 million in the state in 2023, is now seeking approval for the increase, citing rising operational costs.

Robyn Skuya-Boss, director of the Hoosier Chapter of the Sierra Club, questioned the necessity of the rate hike, especially given the company's recent profits.

"That is money that is coming out of customers' pockets," Skuya-Boss pointed out. "We are really questioning, why does Duke need a rate increase now?"

Duke Energy has defended its decision, explaining the rate increase is needed to maintain and upgrade its infrastructure, as well as cover the costs of transitioning to cleaner energy sources. The company has also pointed to inflation and other economic factors driving up operational expenses.

However, the delayed closure of the coal plants has sparked further criticism from environmentalists. Skuya-Boss argued keeping the plants operational contradicts Duke's pledges to reduce carbon emissions and transition to renewable energy.

"That's an expensive choice for them to be making for customers," Skuya-Boss emphasized. "Our contention is really to see Duke Energy make the decision this year to invest in that clean energy transition."

Regulators are reviewing the requested rate increase, with the outcome potentially affecting costs for thousands of Duke Energy customers in Indiana. Both sides are making their case to the Indiana Utility Regulatory Commission, with ratepayers and advocacy groups urging the commission to carefully consider the financial implications before approving any increase.


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