State OKs 10% rate increase for Progress Energy

Discussion in 'Discussion Group' started by biguncfan, Nov 18, 2008.

  1. biguncfan

    biguncfan Guest

    Keep this in mind while decorating for Christmas. Well it all equals out somehow doesn't it? Gas is below two bucks and now the power bill goes up.


    RALEIGH, N.C. — Progress Energy will be allowed to recover some of its higher fuel costs by raising prices on the average household bill by more than 10 percent.

    The electricity price will increase in December. Rates would likely increase again in December 2009. The state Utilities Commission approved the 10.2 percent increase Friday.

    The Raleigh-based electric company agreed in September to spread the increase over three years after negotiating with the commission's Public Staff, which represents consumers and industrial customers.

    In June, Progress Energy asked to raise rates by 16.2 percent to about $113 a month for an average household using 1,000 kilowatt hours of electricity. The Utilities Commission instead approved a rate that will increase bills from almost $97 to nearly $107.
     
    Last edited by a moderator: Nov 18, 2008
  2. kdc1970

    kdc1970 Guest

    :boxing:
     
  3. harleygirl

    harleygirl Well-Known Member

    BS! :boxing:

    I'm gonna call 'em and ask for a discount. :mrgreen:

    Right Koo?

    Where's Koo? :?
     
  4. mnredsky

    mnredsky Well-Known Member

    :ack::ack::ack::ack::banghead::banghead::banghead:
     
  5. Abdulina

    Abdulina Well-Known Member

    That's it, we're using candles.---LOL. This will be a real strain on people. What are they thinking?! Oh well, not much you can do but pay the bill.

    Stephanie--mom to 7
     

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