North Carolina climate deal hands Duke Energy pricing win

An agreement between North Carolina Gov. Roy Cooper (D) and GOP state senators on legislation setting power sector greenhouse gas reduction goals would also grant the state’s largest utility a long-sought request for a multi-year process on raising consumer rates. The bipartisan deal struck Oct. 1 would let Duke Energy increase rates by as much as 4 percent in the second and third years of a three-year ratemaking proceeding, while also codifying Cooper’s climate pledge of reducing energy sector emissions...