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.
|
|
|
| Su |
M |
T |
W |
Th |
F |
Sa | | | | | 1 | 2 | 3 | 4 | | 5 | 6 | 7 | 8 | 9 | 10 | 11 | | 12 | 13 | 14 | 15 | 16 | 17 | 18 | | 19 | 20 | 21 | 22 | 23 | 24 | 25 | | 26 | 27 | 28 | 29 | 30 | | |
|
