Progress Seeks Approval for 1.3 Percent Rate Increase

Posted June 8, 2007

— Progress Energy Carolinas is seeking a rate increase.

The company filed notice with the North Carolina Utilities Commission on Friday for a 1.3 percent increase. If approved by the commission, the increase would go in effect Oct. 1.

Duke Energy also recently filed for a rate increase.

“The request is significantly smaller than fuel cost increases of the last two years,” Progress said in a statement. “Those requests reflected significant increases in the prices of coal and natural gas from 2005 and 2006. In mid-2007, fuel prices are still high but have stabilized, compared to prior years.”

The average bill for a residential user would increase $1.29 per month, the utility said.

Industrial clients’ bills would increase 2.1 percent.

"We understand that any increase has an impact on our customers," said Bill Johnson, president and chief operating officer of Progress Energy, in a statement. "We are continuing to focus on controlling how efficiently we operate our power plants and delivery systems on behalf of customers. We're doing all we can to keep overall costs for our customers as low as possible while ensuring a stable and reliable supply of electricity."


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  • djofraleigh Jun 9, 2007

    With the population explosion in this area, there is going to be a need for bigger or more power generating plants. That will mean rate hikes too. Of course we are all against hikes.

    How about making the surcharge, which is the $9 bucks you owe before flipping a switch, disappear. Make it a minimum charge instead. That would help the little guy, but would cost the big user. How about bringing back Time of Use being 25% less, like it was in the beginning? It is a smaller percentage now. It encourages people to use power at off-peak times, which could delay building of new plants.

    How about getting the radioactive waste out of Wake County, too.

  • party pooper Jun 8, 2007

    Can Progress Energy get me a pay raise to go along with that??

  • the alliance Jun 8, 2007

    This is terrible. You're doing this in anticipation of the AUG-OCT months when weather and things have their high activity season, so if something goes wrong, you can blame higher costs on it or as a back up, say you already filed to raise costs.