Duke Energy (DUK) Rate Hikes Opposed by North Carolina Leaders

Group 1 - Duke Energy Corporation (NYSE:DUK) is involved in the distribution of natural gas and energy-related services, operating a diverse mix of regulated power plants including hydro, coal, nuclear, natural gas, solar, and battery storage [2][3] - The company has proposed a rate hike of approximately 15% over the next two years, which would result in residential customers paying an additional $20 to $30 per month by 2028 [3] - North Carolina leaders, including Attorney General Jeff Jackson and Governor Josh Stein, have opposed the proposed rate hikes, arguing that they are too high and come at a time when families are struggling financially [4] Group 2 - The North Carolina Utilities Commission is expected to make a decision on the proposed rate hike in late 2026 after public hearings [4]