Rochester, NY 8/15/2009 3:11:11 AM
Duke Energy Corporation, DUK - Duke Energy Will Temporarily Stop its Fixed-Rate Program
Duke Energy Corporation
Duke Energy will halts issuing fixed-payment program effective next month. The company will notified the costumers of the program suspension before it will officially be implemented. The move is being made as part of a number of proposed changes, which include a request filed with the Public Service Commission of South Carolina for permission to raise general residential rates by 12.1 percent.
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Carol Burdette, president of the United Way of Anderson, said the suspension of the fixed-rate program may affect one segment of the community more than others.
“I think the fixed rate is a good thing for anybody, especially for the elderly on a fixed income,” she said. “It could be good in order for them to budget from month to month. I understand Duke needs to do this under transition and hopefully they will reinstate the program.”
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