WASHINGTON (dpa-AFX) - Duke Energy Corp. (DUK), Monday announced its plan to
reduce energy rates in June in anticipation of lower fuel prices.

According to the fuel midcourse rate request filed with the Florida Public
Service Commission, a regular Florida residential customer with a monthly usage
of 1,000 kWh would see their bill decline by $5.90, or almost 4 percent.

Similarly, commercial and industrial customers would see a cut of 3.5 percent
and 7.0 percent, respectively, in their bills.

Speaking about the announcement, Melissa Seixas, Duke Energy Florida state
president, said, 'With fuel prices expected to decline, we have an opportunity
to lower rates for a second time this year for our customers, just as we prepare
for the higher energy usage that come with summer months.'

Currently, Duke's stock is trading at $95.97, up 0.07 percent on the New York
Stock Exchange.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX