Duke Energy rate hike hearing draws heat from advocates who point to company's $5B profit in 2025RALEIGH, N.C. (WTVD) -- The North Carolina Utilities Commission heard testimony as Duke Energy seeks energy rate hikes. The hearing comes after months of opposition to Duke Energy's initial request for a 15% to 16% increase in residential rates over the next two years. The newest proposal would increase residential rates by an average of 3.4% to 3.7% starting in 2027. Duke Energy has pledged to contribute $10 million towards low-income bill assistance and weatherization programs. On Tuesday, state regulators began the hearing, although not all expert witnesses were available to testify.