Rocky Mount Council criticizes Duke Energy's profits and calls for regulatory oversight

During a recent Special Called Committee of the Whole Meeting in Rocky Mount, city officials engaged in a robust discussion about the rising costs of electricity and the implications for local residents. The meeting highlighted concerns over Duke Energy's pricing practices and the need for greater accountability from the utility provider.

Council members expressed frustration over Duke Energy's substantial profits, which they believe are not being shared with consumers. Since 2017, there has been no rate increase passed on to residents, a point that was emphasized as a testament to the city's commitment to keeping electricity costs manageable. Councilman Dauchter noted that Rocky Mount's electric rates remain competitive compared to other cities in the region, a fact that the council takes pride in.

The conversation turned to the financial challenges faced by the Kemper utility, which has struggled to meet its obligations. This situation has prompted discussions about the need for collaboration with neighboring cities like Greenville and Wilson to address these issues more proactively. The council members underscored the importance of protecting citizens and businesses from the financial burdens caused by utility mismanagement.

A significant part of the meeting focused on the legislative agenda and the role of the North Carolina General Assembly in regulating Duke Energy. Council members voiced their concerns about the lack of oversight and the need for reforms to ensure that utility companies prioritize the needs of everyday consumers over profits. They reflected on past efforts to challenge Duke Energy's practices, including a lawsuit that aimed to hold the company accountable for its pricing strategies.

As the meeting concluded, council members agreed on the necessity of exploring alternative energy sources and reassessing their contract with Duke Energy, particularly as the next opportunity to renegotiate approaches in 2028. The discussions underscored a commitment to advocating for the community's interests and ensuring that residents are not left to bear the costs of corporate mismanagement.

The outcomes of this meeting signal a proactive approach by Rocky Mount's leadership to address utility concerns and protect the financial well-being of its citizens, reinforcing the city's dedication to responsible governance and community welfare.