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.
|
Headlines for November 4, 2008
-
November 4, 2008: Virginia Foxx reacts to Hagan call
-
November 4, 2008: What Decided NC, Regional Elections?
(Bradley George)
-
November 4, 2008: Elizabeth Dole Concedes Senate Race to Kay Hagan
-
November 4, 2008: Kay Hagan Victory Speech
-
November 4, 2008: How did NC become a "swing state"?
(Bradley George)
-
November 4, 2008: Forsyth Tech Bond Issue (Bradley George)
-
November 4, 2008: Outside Money, Outside Influence
(Bradley George)
-
November 4, 2008: Rumors and Lies: Dr. Richard Walker on negative ads (Bradley George)
-
November 4, 2008: Dr. Jack Fleer on N.C. races (Bradley George)
-
November 4, 2008: The Art of Polling - Dr. Mileah Kromer
(Bradley George)
-
November 4, 2008: Hagan Party gathers in Greensboro
(Jeff Tiberii)
-
November 4, 2008: Dole party gathers in Salisbury
(LeShea Agnew)
|