Duke Energy asks NC legislators for cost-recovery options on $13B grid upgrade, storm costs

Duke Energy Corp. has played things close to the vest for months. Now there’s a bill in the N.C. General Assembly that will let it ask regulators for annual increases to pay for its proposed, $13 billion grid-improvement plan in the state.

But Duke (NYSE: DUK) does not acknowledge that is the purpose of the bill, nor will it say if it intends to seek such alternative funding for its plan.

The legislation, Senate Bill 559, allows utilities to ask the N.C. Utilities Commission for alternatives…


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