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Josh Stein: “Duke Energy has just asked for a double digit rate increase…”

Featuring: Josh Stein, Democratic | Governor of North Carolina

Gov. Josh Stein Highlights New Economic Achievements Across North Carolina

Published December 3, 2025 | Video Starts at 40:40

And that is specifically one of the topics that they're looking at. The data centers suck up an incredible amount of energy. And energy costs are too high as they are, they're rising. Duke Energy has just asked for a double digit rate increase at the utilities Commission. something that I hope is severely scrutinized and shrunk because it's too expensive as it is electricity. (40:40–40:46)

CLAIM

Asserts that Duke Energy has requested a double-digit rate increase.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Josh Stein

“North Carolina ranked as the top state for business in the entire country in July, for the third time in the last four years.”
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“We already have the largest manufacturing workforce in the Southeast.”
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“We had the first rural health care program at [the] state Department of Health and Human Services in the country.”
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“North Carolina has the second largest rural population in the country. Only Texas has more rural residents than North Carolina.”
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“Since the 1st of January, we have announced more than 33,000 jobs for North Carolina.”
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“33,000 jobs represents the most ever recruited to North Carolina in a single year.”
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“2025 is now North Carolina's best ever year for job recruitment.”
Gov. Josh Stein Highlights New Economic Achievements Across North Carolina | Uploaded December 3, 2025 | 01:06-01:12
“We have brought approximately 5,000 jobs to rural North Carolina and about $12.5 billion in investment.”
Gov. Josh Stein Highlights New Economic Achievements Across North Carolina | Uploaded December 3, 2025 | 02:53-03:02
“The Rural Infrastructure Authority has awarded 51 grants and more than $26 million to energize rural economies, especially in western North…”
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“We've awarded nearly $250 million in broadband grants to get people connected to jobs and services.”
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“GE Aerospace announced that it would be expanding its site in West Jefferson and Ashe County, creating 44 new jobs and investing $53 million…”
Gov. Josh Stein Highlights New Economic Achievements Across North Carolina | Uploaded December 3, 2025 | 08:56-09:06
“The company currently employs about 2,000 employees at four separate locations across North Carolina.”
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“20% of GE Aerospace's employees are veterans.”
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“In March, the company announced plans to invest $101 million in their facilities in Wilmington, Asheville, Durham and West Jefferson.”
Gov. Josh Stein Highlights New Economic Achievements Across North Carolina | Uploaded December 3, 2025 | 09:46-09:55
“The most critical asset that we have when we're out there talking about and selling North Carolina is our people.”
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“Other states want what we have here in North Carolina and they are making big investments in K12 and what they pay their teachers making…”
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“I have put together a council on workforce and apprenticeships which Secretary Lilly is co-chairing along with the community college…”
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“The state doesn't outlay money to the companies unless the companies meet their goals, their investment goals and their job goals.”
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“Sometimes we will make investment in infrastructure to improve a site which the state owns or the county owns, the community college owns…”
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“North Carolina is strong and growing.”
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“Scout Motors [is opening a] 1200 job facility location, headquarters that they're going to put in downtown Charlotte.”
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“The first hybrid battery from Toyota went off the line to go into a car being manufactured somewhere else.”
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“Data centers suck up an incredible amount of energy.”
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“The General assembly refuses to do what they know they need to do. They agree that Medicaid doesn't have enough money. They in fact agree on…”
Gov. Josh Stein Highlights New Economic Achievements Across North Carolina | Uploaded December 3, 2025 | 44:11-44:24
“Preliminary data suggests that our actuaries are in fact correct that we need 319 million.”
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“They were here in session and they failed to do what they knew they needed to do, which is to fund Medicaid so that people can access health…”
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“I urged them to come back the next month. In fact, I called them back. They refused to come back to do their basic job.”
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“If you're in a rural area and there's a healthcare provider that you go to who also serves people on Medicaid, if they're not getting enough…”
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“The insurance companies negotiate with the providers on what they're willing to pay to stay in network.”
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“Our hope is that we get over 7,000.”
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“The multifamily housing applications will be first part of the year and then workforce will follow.”
Gov. Josh Stein Highlights New Economic Achievements Across North Carolina | Uploaded December 3, 2025 | 48:13-48:23