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PSNC seeks third rate decrease of year

Posted February 18, 2009

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— PSNC Energy filed a request Wednesday with the North Carolina Utilities Commission to decrease the “cost of gas” component of its rates.

The "cost of gas" is part of gas bills passed along to consumers at no mark up. When changes are made to the "cost of gas," those savings or increases are passed directly on to customers.

PSNC has asked that the component price be reduced by 6.4 percent, or an average of $7 per month for the typical residential customer.

The utilities commission must approve the decrease before it can take effect.  The commission is expected to rule on the request Feb. 23. It would take effect March 1.

PSNC has lowered rates twice already in 2009. A 14 percent rate cut took effect Jan. 1; a 10 percent decrease took effect Feb. 1.

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  • james27613 Feb 19, 2009

    Why don't they make it easier for the utilities to lower
    rates without commission approval ?

    How much money and time will this save ?

    The utilities commission must approve the decrease before it can take effect. The commission is expected to rule on the request Feb. 23. It would take effect March 1.

  • pack-man Feb 19, 2009

    then why has my bill gone up? i haven't been using more.

  • SweetB Feb 18, 2009

    hmmmmmmm i'm just never gonna get there, at this "rate"!

  • mstan Feb 18, 2009

    Yea!! I'll take anything I can get, thank you!

  • dfmlythr Feb 18, 2009

    I don't see the difference on my bill?!?!?!?!

  • beaconoflight3 Feb 18, 2009

    Now if Central Electric would finally get rid of their "Wholesale Power Adjustment" everything would be great. That extra amount has been costing me anywhere from $30 to $50 extra a month. I called the end of last year to find out how much longer it was going to come out and they said they would know more in February. Well, here it is February and they said they still have not recooped their losses so to speak. There's no telling how much longer we are going to have to continue to pay this extra amount. Good for you PSNC! At least they are trying to help people who are hurting right now.

  • Tolip Feb 18, 2009

    Thank You PSNC! In this age of Greed and Me First, it's refreshing to see a company act in a respectable manner!