State News

Progress Energy seeks lower electric rates

Posted June 4, 2009

— North Carolina customers of Progress Energy would get an average 10-cent rate reduction under a rate plan proposed by the utility.

Progress said Thursday it wanted to lower the fuel cost in rates because of use of green, renewable energy and better energy efficiency.

Under the proposal filed with state regulators, the total bill for a household using 1,000 kilowatt-hours (kWh) a month would drop from $106.78 to $106.68.

“In these difficult economic times, we know every dollar counts, and we are very happy that we were able to meet our objective of minimizing rate impacts on our customers while keeping electricity reliable and affordable,” said Lloyd Yates, president and CEO of Progress Energy Carolinas.

The new rate would become effective Dec. 1 if approved.

Raleigh-based Progress Energy has two electric utilities that serve approximately 3.1 million customers in the Carolinas and Florida.

The request comes two days after Duke Energy asked state regulators to approve a 12.6 percent increase in electric rates.


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  • Andiecat Jun 5, 2009

    "Brother can you spare a dime?" How much is Progress Energy spending on this proposal and how much time does the Utilities Commission has to spend approving it? Certainly this is a typo!

  • horseonthefly Jun 5, 2009

    I'm sure the same people making fun of them for lowering rates would be the same ones screaming bloody murder had they added that dime.

    Take your buck twenty, go buy a smoothie, and chill out...

  • pjpinnc Jun 5, 2009

    I just don't know where I am going to spend all this extra money I will be saving on electricity..

  • Iwasasoldier4u Jun 5, 2009

    How much is this costing us just to get this approved? This is absolutely ridiculous, all this for one thin dime.

  • dennisspam Jun 4, 2009

    You are kidding me right? 1 dollar a year? From a company that pays their CEO in triple digit million bonuses?

    The act of CONSIDERING this proposal is costing us MORE in taxes on salary!

  • Just the facts mam Jun 4, 2009

    What is this - 1/1000 of 1 per cent if that? Is this just a PR stunt? I appreciate the rates not being raised, but this has got to be a joke!!!

  • commonsensical Jun 4, 2009

    Why bother?

  • jse830fcnawa030klgmvnnaw+ Jun 4, 2009

    Does anyone have the URL where the actual Progress Energy proposal details are located? All I found was the following:

  • larieke Jun 4, 2009

    Oh wow! Does that include tax? This has got to be a joke.

  • For the U.S.A. Jun 4, 2009

    Now that is a BIG savings for the consumer!!