For Immediate Release
January 9, 2023
Below is a statement of Frank Knapp, president and CEO of the South Carolina Small Business Chamber of Commerce (SCSBCC). The rate hearing for Duke Energy Progress’s request for increasing rates began today, January 9th, at the SC Public Service Commission (PSC). The PSC adjourned the hearing until Tuesday, January 17th, in order to give all parties in the rate case time to finalize a comprehensive settlement for consideration by the PSC. SCSBCC is represented in this rate case by the Terreni Law Firm in Columbia.
“The South Carolina Small Business Chamber of Commerce is pleased that a tentative settlement agreement has been reached by all intervening parties to the Duke Energy Progress’s proposed increase on electricity rates in its 13-county service area. As an intervenor in this rate case, the SCSBCC believes that the settlement is favorable to small businesses and supports its future approval by the PSC. We appreciate the work of the SC Office of Regulatory Staff for its leadership in representing the public’s interest in this matter.”