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SC regulators OK cost recovery for Duke energy efficiency programs

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SC regulators OK cost recovery for Duke energy efficiency programs

willrecover nearly $90 million from its customers through a rider approved by SouthCarolina regulators.

ThePublic Service Commission of South Carolina issued an order July 12 approvingthe Duke Energy Corp.subsidiary's application for a rider designed to recover costs the company hasincurred for its energy efficiency and demand-side management programs. (DocketNo. 2016-92-E, Order No. 2016-463)

DECasked in March to recover approximately $35.6 million from residentialcustomers and approximately $51.9 million from non-residential customers aspart of a previously approved recovery mechanism tied to the company's energyefficiency and DSM portfolio.

Thecurrent commission-approved rider allows DEP to recover an estimate of programcosts, shared savings and lost revenues from the first year of its energyefficiency programs, as well as an estimate of 2017 DSM program costs. Themechanism also includes a shared savings incentive equivalent to 11.5% of netsavings achieved through DEP's EE/DSM programs.

Therider will be in effect from Jan. 1 to Dec. 31, 2017.