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will progress energy get it;s 16 percent?

Published Jul. 30, 2008

For those of you that have Progress Energy as your electric provider, they have asked the Utilities Commission for a 16 percent increase. Looking at my usage from last year that will increase my annual power bill by around 348 dollars or 29 dollars per month. This will also provide a windfall tax haul for the state because they tack on a 3 percent tax to my bill. 

I am out of options for conserving, I get a conservation credit on my bill and I have reduced my usage by half of what it used to be when I first moved into this house. Guess I could quit using lights all together and take cold showers.

 

 



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I worked for them 29+ yrs...they are in bed with the Utilities Commission...they will get half of what they ask for, wink, and shake hands. They are dirty.

bomanicous - they wanted to charge a fee NOT to read your meter?

bomanicous - The utility commission typically allows them less than they request; blackdog has a point, one has to believe they ask for more than they want figuring they might even get more than they actually wanted. But even 10 percent is a big jump, That would send my bill up around another 20 bucks a month.

It has been a common and expected ploy to ask for more than they will actually recieve. Usual increase is 10%.

...In a word...No. It will get 10 - 11%. Utility stocks are a sure bet.

'will progress energy get it;s 16 percent?'

Who's going to stop them? They have no competition.

They pushed me to do an 'average monthly fee" so they didn't need to check my meter (even thought they install a digital meter they can read without going to the house). It would work out great for them but I would have to pay a $12 a month service charge to keep them from reading my usage which is very little compared to most people.

There should be an open market for everything...

AH I meant buy and sell power - not people

CB - Ya know Nuclear is the cheapest per kilowatt source for Progress Energy; I think coal is next, and then Natural Gas is the most expensive. The N&O actually had a pretty good piece on how the power traders downtown buy and sell people from other power companies. They try to find other providers that have low demand and then they bid a price for their excess power. Pretty interesting stuff.

Just wait; if our lovely Congress passes cap and trade a 16 percent increase will seem like the good old days. Out own state legislature let the utility companies write the language of the Energy bill they passed a couple months ago. I feel confident that the utility company lawyers were looking our for us.

As I gaze into my Crystal I see that you should move closer to a nuclear plant.

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