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Published: 2008-09-30 21:12:00
Updated: 2008-10-01 08:46:36

Posted: September 30, 2008
Updated: October 1, 2008

Utilities commission approves PSNC rate decrease

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State regulators have approved a 14 percent rate decrease for PSNC Energy customers, N.C. Utilities Commission officials confirmed Tuesday.

The decrease for residential customers will begin Wednesday.

The News & Observer of Raleigh reported the typical homeowner would save about $24 a month.

In May and June, PSNC sought – and got – approval for two rate hikes, amounting to a 31 percent increase – or about $40 extra on the average bill during the winter months. PSNC said the raises then were necessary to pass the rising cost of natural gas onto costumers.

Natural gas companies can ask the commission to adjust rates monthly.

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 This material may not be published, broadcast, rewritten or redistributed.

7 Comments


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Latest Comments
My summer time gas usage is about $5 for the actual gas and $10 for the privaledge to be connected to the gas line. It goes up and down... who cares.
ThisIsMyName
October 1, 2008 4:12 p.m.
They will rasie it again when the weather turns cold and people need gas for heat.
Click to view my profile iron fist
October 1, 2008 1:25 p.m.
New rule.... They have my permission to lower the rates anytime they feel like it without the need for approval. :)
Click to view my profile red355iroc
October 1, 2008 1:01 p.m.
Why in the world do they have to get approval to LOWER rates???
Click to view my profile SomeRandomGuy
October 1, 2008 10:12 a.m.
They'll raise it again in the middle of winter.
Click to view my profile FullOfId
October 1, 2008 9:18 a.m.
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