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Published: 2008-03-31 17:51:00
Updated: 2008-03-31 17:54:45

Posted: March 31, 2008

PSNC Wants Rate Hike

PSNC Seeks Rate Increase

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PSNC Seeks Rate Increase
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PSNC Energy applied to the North Carolina Utilities Commission Monday for a rate increase of 2.99 percent, totaling approximately $20.4 million.

The rate hike would cost the average residential customer $2.98 more per month.

The company is seeking the rate increase to pay for upgrades and expansions of gas delivery in the state. According to a statement, the company has installed more than 900 miles of transmission and distribution mains and added nearly 32,000 customers to its system since it last raised rates in 2006.

The commission is not expected to rule on the rate hike until fall.

Copyright 2011 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Latest Comments
They are always thinking of 1001 ways to rip off customers.
Dr. Dataclerk
April 3, 2008 9:27 a.m.
Myword and cherokee43v6

I truly and thoroughly enjoyed both of your comments. Thank you both for a good long laugh. Thankfully for me, I am not one of their customers.
whatelseisnew
March 31, 2008 7:46 p.m.
Ever deal with their "customer service" wow...you won't ever forget it. I think I still have the bruises.
Click to view my profile Myword
March 31, 2008 7:24 p.m.
Oookay then... More people are on the system so they want to charge us each more?

My Econ 101 teacher just rolled over in his grave!
cherokee43v6
March 31, 2008 6:10 p.m.
The 32,000 additional customers should off-set the expense of additional pipelines. Wait until their profit statement comes out at the end of 2009. The price of fuel will make them millions.
whatusay
March 31, 2008 6:09 p.m.
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