The Economic Times

Refund rush: Millions to get cash back in June after $90.5 million energy billing error - who gets paid and when

The Duke Energy $90.5 million refund is set to impact millions of US households starting June billing cycles, after regulators confirmed a major energy bills overcharge linked to 2024 hurricane recovery costs. Nearly $1 billion was collected, but actual storm restoration spending was about $915.3 million. This Duke Energy $90.5 million refund will automatically reduce electricity rates, giving customers lower per-kilowatt-hour charges without any application. Households will see small but real savings as summer demand rises.