Progress Energy Requests Rate HikeOctober 12, 2012 | Audrey FanninProgress Energy is asking North Carolina regulators to allow an increase in electricity rates. The subsidiary of Charlotte-based Duke Energy filed its request with the North Carolina Utilities Commission Friday.
The increase would cost the average home's power bills by almost $180 a year. Progress wants to raise residential rates by an average 14 percent, and for commercial and industrial customers by 9 percent. The average Progress residential customer pays about $105 a month. If the new rate is approved, that would increase to nearly $120 a month.
The company said it's the first time in a quarter century that Progress Energy or its predecessors sought a general rate increase. The electric utility says it needs the money to recoup investments in modernizing power plants to reduce pollution.
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WFDD News Archives
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November 5, 2012: College Football Teams Put on Good Shows (Dave Goren)
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November 2, 2012: Candidate Profile: Brian Irving, Libertarian Congressional Candidate in 2nd District (Steve Biddle)
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November 2, 2012: Candidate Profile: Steve Wilkins, Democrat challenging incumbent Rene Ellmers in 2nd District (Steve Biddle)
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November 2, 2012: Candidate Profile: Congresswoman Rene Ellmers, NC 2nd Congressional District (Steve Biddle)
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November 2, 2012: High Point Company Ponders Next Move on Alzheimer's Drug (Audrey Fannin)
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October 31, 2012: Walter Dalton: Democratic Candidate for North Carolina Governor (Steve Biddle)
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October 31, 2012: Animal Rabies Cases Up in Guilford County (Keri Brown)
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