Duke Energy Progress - (NC) late fee
North Carolina, South Carolina · Investor Owned
Duke Energy Progress - (NC) charges 1% for a residential electric bill paid late.
- Percentage fee
- 1% of the past-due balance
- Grace period
- 25 days
- Can disconnect
- Yes, for non-payment
- Percentile
- Higher than 3% of US utilities that charge a percentage fee
- Residential customers
- 1,499,792
Late fees versus bad debt, 2024
- Late-fee revenue
- $9,347,239 (FERC account 450, Forfeited Discounts)
- Written off
- $20,676,416 (FERC account 904, Uncollectible Accounts)
- Ratio
- 0.45x
Source: US Federal Energy Regulatory Commission, FERC Form 1, accounts 450 and 904 (18 CFR Part 101), retrieved via the Public Utility Data Liberation project. Municipal utilities and most cooperatives do not file Form 1, so no ratio is available for them.
Disconnections in 2024
- Disconnections
- 69,969 for non-payment
- Rate
- 4.67 per 100 residential customers
- Final notices
- 543,401
- Reconnections
- 45,239
Counts are disconnection events, not households. Source: US Energy Information Administration, Form EIA-112. See how this compares.
1% per month on bills unpaid 25 days after billing (Duke Energy Progress NC R-1 residential tariff, per NCUC Rule R12-9).
Source: https://starw1.ncuc.gov/ncuc/ViewFile.aspx?Id=21305af8-ba7b-4b79-8334-62db63bab249