This story is closed for comments.

Oldest First
  • miseem Oct 15, 7:33 p.m.

    Gets down to the old chicken/egg argument. Which is more important to the overall health of the country (which comes first) - the manufacturing plant that employs people, or the citizens who buy the products the plant makes? Seems like you can't have one without the other. The question is - how much would a 9% increase in electric service cost in the price of a widget vs. how much would a 14% increase in electric service affect the family of four with a combined income of $50,000 a year?

  • larieke Oct 15, 2:24 p.m.

    Johnnyplusthree, so I guess you're saying, this is NOT Bush's fault. Are you trying to tell us that the Democrats in causing the price of electricity, gas and food (basic necessities)to skyrocket hurts the poor and middle class much more so than it does the wealthy upper class? Are you saying that Obama and his crowd are a bunch of hypocrites? Well, you convinced me; this socialism stuff is for the birds.

  • ladyblue Oct 15, 2:09 p.m.

    Could this be just the sneaky way of increases for those new regulations that were put into the new environmental laws through this past administration.?? you know the ones that they promised WOULD NOT RAISE MY RATES when so many opposing all those new regulatons were stating it would increase our bills.. guess we're finding out who was fibbing...

  • SARCASTICLES Oct 15, 1:53 p.m.

    Huh? Just a couple of months ago, when the hearings for the merger were happening, one of the "good reasons" to approve the merger were "added value" for the customers in the form of a "savings of over 600 million dollars".....RIGHT. Pull the other one.

  • Rebelyell55 Oct 15, 1:45 p.m.

    The state is broke, they need the increase in sale tax they'll get from the rate increase.

  • ladyblue Oct 15, 1:32 p.m.

    I find this amazing that they have not had an increase in 25 years. DUH i think that's an error since my light bill made 2 increases last year on price of kilowat usage. I still hve the bill stubs to prove it. we were told it woudl be 2 increases 6 months prt and it was...

  • ginaosbo Oct 15, 12:52 p.m.

    johnnyplusthree ++++1. Thanks for reminding them.....they do seem to forget what was "promised and delivered"!

  • pipcolt Oct 15, 12:26 p.m.

    So that slip of paper sent out with the elec. bill from the nc util. comm stating that they would not allow duke to raise the rates for three years was just a smoke screen to get people off there back. Sounds like the uc might be on duke powers payroll. As it is right now PE is duke. or is this just another big business trying to give themself a huge christmas bonus for Dec.

  • A Libertarian Oct 15, 12:24 p.m.

    My oh MY - DOn't we have short memories. Duke, PE and other utilities told you in big bold letters, THEIR WILL BE TWO RATE HIKES. Approx 20% each, one in 2013 and one in 2014. They have to pass along the new law mandating 20% energy from alternatives. Alternatives cost about 4 times more than natural gas, so you guys on the left voted for high utility bills, now PAY FOR THEM!!!

  • Mom120 Oct 15, 12:01 p.m.

    Awful.. i can barely afford it now

  • COLT45 Oct 15, 11:40 a.m.

    And this is a surpirse to anyone? I am surprised Duke/PE didn't ask for the rate increase before now.

  • dcatz Oct 15, 11:09 a.m.

    "How can Progress Energy say, with a straight face, that they haven't had a rate increase in 25 years?"

    Electricity isn't sold at a fixed price. The amount you pay is based on supply and demand. When they say increase the rate, they are talking about increasing the base rate which is adjusted up or down based on supply and demand.

  • WageSlave Oct 15, 10:00 a.m.

    I just want to ask utilities, large companies, small businesses, and the government this; Where am I supposed to get the money to keep paying you more and more? You want to raise prices, fees, and, taxes but my pay is NOT increasing nearly as much as what you're asking for. At some point rather than getting more from me you're going to end up getting nothing at all because I'll have nothing to pay you with.
    mattcli

    They are just passing the inflation tax down. You should ask the FED these questions. They have more power than any congress or president.

    "Permit me to issue and control the money of a nation and I care not who makes the laws." Mayer Amschel Rothschild

    My silver and gold sure are looking good.

  • robbincasino Oct 15, 9:33 a.m.

    How can Progress Energy say, with a straight face, that they haven't had a rate increase in 25 years? Our rate has gone up every year. I am paying more now than I was 7 years ago for the same or less energy consumption. I also wonder how many people out there know that years ago Progress Energy was granted a guaranteed profit every year by the Commission. Meaning that basically, they don't have to ask for rate increases.

  • joeBob Oct 15, 9:07 a.m.

    Well that didn't take long. Remember, the utilities can go up on their rates at any time and start charging us what they want to (if they haven't already) and then ask for the increase. Whether they get what they want or not or some lesser amount, then they have like a year to credit that money back against your bills. Also, I don't know how they can say they haven't had a rate increase in 26 years. I'm pretty darn sure my Kwh, service and other charges have increased since 1987. Per the text in article, residential customers are going to feel the brunt of this increase if passed. Great, so I have that going for me now.

  • wildpig777 Oct 15, 8:57 a.m.

    duke/progress energy is gonna keep yall in chains.................. and our nc politicans gonna help em...

  • wildpig777 Oct 15, 8:54 a.m.

    since many here have not figgered it out i'll enlighten you-- THE UTILITIES COMMISSION HAS SOLD US OUT............ I RECOMEND you send a strongly worded email to them telling them quite clearly what you think of thier sellout.....

  • davidgnews Oct 15, 8:33 a.m.

    What, do they have to pay off some commission members or something ? I feel so sorry for them. Never mind their sloppy business practices for 20+ years. They had a high P/E ratio for a long time.

  • delilahk2000 Oct 15, 8:30 a.m.

    WHY DON'T YOU GET RID OF YOUR OVER PAID CEO AND THEN THE RATS WOULD NOT NEED TO GO UP.....ALL YOU PEOPLE DO IS LIE TO US TIME AFTER TIME AND RAPE US ALONG THE WAY.....

  • larieke Oct 15, 8:12 a.m.

    I watched a good portion of the hearings before the Commission, and remember what Duke said about saving the rate payers money by the merger. I'm sure WRAL has the video. Duke is sure making the Commission members look like fools now.

  • AmericanSwede Oct 15, 8:07 a.m.

    Why do they blame PROGRESS ENERGY? People must be dumb or living under a rock to not know this is DUKE passing on the merger costs to the consumer. Duh, much?

  • 20K Oct 12, 7:55 p.m.

    Keep the coal plants and even build more of them. This will bring the cost down!!! OH! I forget Obama will bankrupt any company using coal plants!

  • mattcli Oct 12, 7:46 p.m.

    I just want to ask utilities, large companies, small businesses, and the government this; Where am I supposed to get the money to keep paying you more and more? You want to raise prices, fees, and, taxes but my pay is NOT increasing nearly as much as what you're asking for. At some point rather than getting more from me you're going to end up getting nothing at all because I'll have nothing to pay you with.

  • tarheelfan41 Oct 12, 7:44 p.m.

    I also love how power companies are so generous and "give" so much and look of benevo;ent. Where do they get that money they give away? US! They take it away from us give it the way THEY see fit. They feel they know better how to spend my money than I do.
    While I'm on my soap box, why do they advertise? You must buy their electricity. Its not like we have a choice. They take our money and spend it on useless TV ads. Charitable giving my rear. Charitable with MY money!

  • cyrasiane Oct 12, 7:42 p.m.

    So much for the merger saving their customers money. NOT!

  • tarheelfan41 Oct 12, 7:36 p.m.

    THE MIDDLE CLASS? WHAT ABOUT THE POOR ALL I HEAR IS MIDDLE CLASS YES IT WILL EFFECT THE MIDDLE CLASS BUT DONT YOU PEOPLE THINK ITS GOING TO EFFECT THE POOR FAR MUCH MORE THAN IT WILL EFFECT THE MIDDLE CLASS? ALL I HEAR IN THIS PRESIDENTIAL DEBATE IS MIDDLE CLASS THEY DONT EVEN CARE ABOUT THE POOR PEOPLE ANYMORE ALL THEY ARE WORRIED ABOUT IS THE MIDDLE CLASS, PUT IT TO YOU LIKE THIS MIDDLE CLASS IS MORE ABLE TO PAY FOR THE INCREASE THAN THE POOR IS, LETS START FOCUSING ON THE POOR PEOPLE FOR A CHANGE WHO HAVE LESS MONEY THAN THE MIDDLE CLASS, AMERICANS ITS A THING CALLED POVERTY WAKE UP!

    fouroaksboys
    The poor have reduced or free electricity. We middle class and up all have a charge added on to our bill to pay for those "less fortunate." The gov't requires the power company "give" the poor a break "allows" the power company to recoup the give aways from us. That way it doesn't look like a tax by the gov't. BTW the phone componies do the same thing.

  • takethefield Oct 12, 7:24 p.m.

    who are they kidding they raised rates a year ago.....just read this former article
    http://www.wral.com/business/story/10383899/

  • cyrasiane Oct 12, 7:17 p.m.

    I am sure that these rate increases for Progress and Duke Energy are due in large part to the "green" requirements that the Federal Gov't has placed on energy producing companies across the country. I don't believe the rate increases are all a result of trying to recoup the funds they needed for retirement packages/buyouts, or the loan to China to have the capital to make the merger happen. Duke Energy is proposing to raise their rates AGAIN when they hiked their rates 7.2% effective 2/1/12?! And I ought to know because I'm a DE customer. Gee, we'll all be burning candles and oil lamps because we can't afford those "free" CFL bulbs that Duke is handing out! But, wait -- then we'll all be undoing the "green" improvements on the power plants!

  • ConservativeVoter Oct 12, 7:06 p.m.

    Duke is getting the Progress Energy customers to pay for the merger between Duke and Progress Energy.

    Mergers never benefit the consumer.

  • fouroaksboys Oct 12, 7:04 p.m.

    THE MIDDLE CLASS? WHAT ABOUT THE POOR ALL I HEAR IS MIDDLE CLASS YES IT WILL EFFECT THE MIDDLE CLASS BUT DONT YOU PEOPLE THINK ITS GOING TO EFFECT THE POOR FAR MUCH MORE THAN IT WILL EFFECT THE MIDDLE CLASS? ALL I HEAR IN THIS PRESIDENTIAL DEBATE IS MIDDLE CLASS THEY DONT EVEN CARE ABOUT THE POOR PEOPLE ANYMORE ALL THEY ARE WORRIED ABOUT IS THE MIDDLE CLASS, PUT IT TO YOU LIKE THIS MIDDLE CLASS IS MORE ABLE TO PAY FOR THE INCREASE THAN THE POOR IS, LETS START FOCUSING ON THE POOR PEOPLE FOR A CHANGE WHO HAVE LESS MONEY THAN THE MIDDLE CLASS, AMERICANS ITS A THING CALLED POVERTY WAKE UP!

  • WooHoo2You Oct 12, 6:43 p.m.

    HOW MUCH MORE DOES THE GOVERMENT THNK THE MIDDLE CLASS CAN TAKE- mautry

    Progress / Duke are a PRIVATE company.

  • jblake1932 Oct 12, 6:40 p.m.

    BINGO! there you have it folks. And to think they told us that they were trying to save money by merging. They should be in politics.

  • mautry Oct 12, 6:33 p.m.

    HOW MUCH MORE DOES THE GOVERMENT THNK THE MIDDLE CLASS CAN TAKE

  • WooHoo2You Oct 12, 6:27 p.m.

    The price of coal is dropping, the price of natural gas has dropped to all time lows. Wages have dropped all accross America. How can they justify a rate increase????? Guess we have to pay for all the millions the executives make!- jdupree

    Now you are complaining what their execs make when it hits YOUR pocket but any other time you scream "class warfare?" Beyond hypocritical!

  • larieke Oct 12, 6:25 p.m.

    They are not telling the truth. 22 years ago the cost of residential electricity from Progress, then CP%L, was 7.8 cents per kilowatt, just this past month the cost was 11.4 cents per kilowatt. That is apples and apples, and includes taxes and fees. Simply take the total monthly cost and divide it by Kilowatts used. They are lying.

  • kbo80 Oct 12, 6:12 p.m.

    I knew once the two merged an increase would come soon after. This was not a good move.

  • gopowell Oct 12, 6:03 p.m.

    They've raised the fuel costs portion of your bill. The base rate hasn't changed in 25 years. They're asking for a base rate change now.

  • saywhat37 Oct 12, 6:02 p.m.

    SOOOOOOO unfair! Progress Energy customers get the increase and the Duke customers later..... yeah right. WIsh the merger had never happened.

  • wakewiseone Oct 12, 5:11 p.m.

    "Progress seeks first rate increase in 25 years."

    that statement is totally unbelievable. if any of you folk out there buy into it, let me know cause i got some land covered by water that i d like to sell you.

  • jet2rdu Oct 12, 5:10 p.m.

    Shocking. Lets not forget that over the years Progress Energy, and before that CPL, always got fuel surcharge adjustments to maintain their profits. So increasing rates 14.2 is just part of the higher energy costs brought to your wallet from Progress. You will be seeing a 14.2 increase Plus surcharge rates coming soon to a meter near you.

  • Flagship Thorpedoed Oct 12, 5:10 p.m.

    The commission better veto this fast. They could have used the money they paid out to Progress' CEO to offset a good portion of this if I'm recalling correct numbers.

  • justincaseur2 Oct 12, 5:08 p.m.

    I'm going to start producing my own electricity.

    Enough of this getting shafted stuff from large monopolies!

  • tran Oct 12, 5:06 p.m.

    Duke ain't wasting no time hitting us up for the way over budget plant in Indiana.

  • silkesmom Oct 12, 5:05 p.m.

    I guess they have to cover the cost of buying off whazhisname when they kicked him to the curb. I would say this is pretty arrogant - couldn't they have waited until the dust settled?

  • Rebelyell55 Oct 12, 5:04 p.m.

    As poster put it earlier, and I forgot about their reports where both made very nice profits before the merger. Yet Duke still got a rate hike. Make ya wonder don't it.

  • justincaseur2 Oct 12, 5:04 p.m.

    ...here it comes. It's not like we couldn't have predicted what would happen when we (THE PEOPLE) allow monopolies to eliminate any competition. Up Up and away...there go the rates we pay...even though markets and economics say they should be going down.

    Yep. The more we get taken by big business the more I'm thinking it's time for a good ole fashioned peoples revolt. We are protected by the constitution to do so. I say we use that protection and fire EVERYONE in the regulatory agencies and government and fire Duke because I'd buy electricity from ANYWHERE else if there were anyone else to buy from.

    It's going to take an armed revolt to fix the system because ALL of our options are gone. The Gov't is in power to maintain power. The people don't have power but we could if we were determined to take back our country.

  • delilahk2000 Oct 12, 5:00 p.m.

    WHY DOES THAT NOT SURPRISE ME?

  • rearnhardt Oct 12, 4:50 p.m.

    I have been a vendor to Progress Energy and if they want to save a lot of money then put their people to work. They can't get but a few hours of work in each day due to all the Political policies they have in place. In order to do an eight hour days work you have to attend 2-3 hours of orientation before they will allow you to do the work. Then when you come back the very next day you have to do it all again. What a waste of time and money. On top of that their enployees sit around doing hardly anything making huges salaries. Same goes for most medical companies.

  • rushbot Oct 12, 4:48 p.m.

    NO!

  • gopowell Oct 12, 4:47 p.m.

    People in NC will believe anything authorities and public figures tell them. Did you really think that with this merger that your bill was going down? Duke has no interest in keeping any promises they make. They told us anything to get that merger completed. Better remember this before you go to the polls next month.

Oldest First