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TTDD Mar 19, 4:43 p.m.
I Think some of the higher ups in that company need to take a pay cut. They paid too much for what they do.
davidgnews Mar 19, 12:55 p.m.
Oh to be a fly on the wall during a board meeting. I'm sure there are deep concerns and discussions about proper management and ethical practices.
In reality though, they can never be laughing hard enough knowing that they essentially own the whole shooting match. Here comes the new Enron.
jdupree Mar 19, 12:33 p.m.
We had to pay all those executive bonuses, pay all that Progress Energy severance pay, give 25 million to the Democratic National Convention in Charlotte, NC not to mention printing up all that new stationary/business cards/logos on vehicles due to the merger/name changes. Yes, your not using more electricity and our power plants are paid for, but the conversion from coal to gas/wind/solar cost money and we don't want to pay for it. That's what Duke the talking dog said!
wildpig777 Mar 19, 11:19 a.m.
why yall blaming duke power? you'd be better served blaming the politicans [called board members] on the NC UTILITIES COMMISSION. theyre the ones who keep selling the citizens of nc down the drain.
kornfan2448 Mar 19, 10:06 a.m.
"So the rates for corporations will go down while the residential rates will go up? Yep, that sounds about right. I guess when you have the Governor in your back pocket anything goes!" ~ hiddentreasurescruecds
Didn't read through all the comments, but glad I'm not the only one that has a problem with this. Eventually, the people are going to get tired of having it handed to them while large corporations continue to get all the breaks.
hiddentreasurescruecds Mar 19, 9:25 a.m.
So the rates for corporations will go down while the residential rates will go up? Yep, that sounds about right. I guess when you have the Governor in your back pocket anything goes!
spiritseeker Mar 19, 9:24 a.m.
Everyone seems to have forgotten that Duke Energy just spent $466 million dollars to purchase a hydroelectric generating system in Chile rather than use that money to do the upgrades and new plants here in North Carolina that are estimated to cost over $400 million and are its primary reason for the rate increase.
Mom120 Mar 19, 9:22 a.m.
Rebelyell55 Mar 19, 9:20 a.m.
So instead of using some of the profits to keep up their equipment, which is needed in order to sell their product, they want their customers to pay, so the shareholder continue to reap more off the stock. On top of that, they're playing to the GOP (corp. puppets), that they'll drop the rate on "some large" companies (who can most likely afford it and already has rate fiquired in to profit), and pass it on to those less likely to afford it. So I'm sure they'll get their rate increase. All the phone calls, Email etc, can't stop this.
wral mods blow close my account Mar 19, 9:11 a.m.
Be sure to thenk the GOP for the rate increase.
Please remeber to vote them out in the midterms.
Paul M Mar 19, 9:08 a.m.
I would take the increase to save jobs. giving a littel more isnt that bad
Hatchcover Mar 19, 8:39 a.m.
Stop running TV ads telling us how good you do what you do! It's not like we have a choice.
aspenstreet1717 Mar 19, 8:31 a.m.
No competition so no surprise here.
lessismore Mar 19, 8:12 a.m.
The lobbyist's have the fix in......money talks.
caryzoo Mar 18, 7:31 p.m.
The merger was supposed to drop rates...instead they BOTH asked for rate increases. I think we need to replace the WHOLE utility commission so that they can actually do the job they were hired/voted to do.
Sherlock Mar 18, 7:18 p.m.
Have to pay all those high priced excs and the court case.
jdupree Mar 18, 7:07 p.m.
This is directly related to Obama and Democrats GREEN plans and the closure of coal fired power plants due to EPA fines and regulations. Utilities are going a lot higher! The coal will be mined here and shipped to China and other developing countries while we pay the bill. Bad government in action!
Mom2two Mar 18, 6:53 p.m.
What happened to a merger saving us money? All they do is lie, cheat and steal.
cavewoman192003 Mar 18, 6:38 p.m.
I liked to see them honestly explain the only "$100" a year quote. Its more like $30 or more a month.
ykm Mar 18, 6:34 p.m.
Converting coal plants to nat gas and buying solar elec cost money. ours, get over it.
limitguvment Mar 18, 6:29 p.m.
wildpig777 Mar 18, 6:10 p.m.
look for the nc utilities commission to sell the citizens out.
hope4thepack Mar 18, 5:15 p.m.
Like another poster here said...
When they merged last year, they stated it would reduce costs and save the consumer money.
Yet, 1 year later, they want to raise our rates. 1 Year later. I don't care what you say, this is greed and now they have a monopoly.
superman Mar 18, 5:04 p.m.
The Utilities Commission has no interest in the consumer as evidenced by the merger they approved. They just a well paid rubber stamp.
ncmike Mar 18, 4:51 p.m.
HAHA! You all voted the GOP into office and this is what you are going to get for your loyalty!
Reformed Liberal Mar 18, 4:39 p.m.
"So what are you saying. These items should be "Free" somehow? Explain to me how Progress pays its workers if it can not charge for the product it sells? How do the food sellers stay in business? Are the workers for these companies supposed to work for NOTHING. Are the farmers supposed to hand over the food they produce to the sellers of that food for NOTHING?"
You are entirely missing the point. The people who actually work for the company deserve every penny they get. The ones that must take their million dollar bonus and pay out bribes before putting profits to work are the problem. Of course we don't expect to have everything "Free". If prices for everything continue to go up, and the people who actually work continue to get less out of their paychecks, where do you think the money will come from? God?
ech Mar 18, 4:30 p.m.
I thought that they proposed the merger b/c it would make them more economical to produce the energy making it cheaper for the consumer, now that they have merged all they want to do is raise rates. One right after another one. Are We All Stupid to keep being Pushed Around by The Folks???
whatelseisnew Mar 18, 4:20 p.m.
"You can thank our new gov for this. Not being political, just factual. We will be seeing more of this type of thing in the next few years."
It is really sad how ill-informed people are and they are clueless about who is driving up their cost of living.
Qwerty27807 Mar 18, 4:13 p.m.
With coal and natural gas being priced at historical lows, why is a rate increase needed? Someone need a new Learjet?
archangel44369 Mar 18, 4:02 p.m.
Another rate hike?..What is that now..5 in the last 5 years?
Reformed Liberal Mar 18, 3:57 p.m.
How many of you complaining about this hike always have the stereo or surround sound powered on and always use it while watching tv or playing video games? How much stuff do you have plugged in that always consumes energy even while off? My thermostat is set on OFF when we are not home. Is your hot water cranked up all the way and take 30 min showers? Yes, the scum at Progress don't deserve any hike, but you don't have to pay big money to go green to save on the electric bill.
shakenbake68 Mar 18, 3:36 p.m.
Big corporations need more of our money. Trickle down economics, duh!
Defiant Mar 18, 3:29 p.m.
You can thank our new gov for this. Not being political, just factual. We will be seeing more of this type of thing in the next few years.
indrdw Mar 18, 3:24 p.m.
Yes, push us over the edge. Many companies are going to make their profit because they pass costs on to the customers. Gasoline, groceries, utilities, things we need to survive. Of course then we can thank the state for the tax on gasoline.
Many seniors sit in the cold or heat because they can't afford to pay for heat and air, don't eat nutritious, skip taking medicine, do not go to the doctor for many problems, do not go anywhere except when it is necessary and I could go on. I am not talking about people who have not worked all their life, husband and wife. I am talking about those that have done so, obeyed laws, paid taxes, lived honest lives and now have to choose what to do with out so they can pay for taxes and insurance and stay alive.
Reformed Liberal Mar 18, 3:23 p.m.
""Ya must be using candles for lights and surplus blankets to keep warm. Perhaps you have solar panels. $60.00 per month couldn't supply electric to a pantry closet for a month. Ya better have Progress recheck your electric meter, it may be defective." -jaydosse
my electric bill has averaged $60-$70/mo this winter...I like in a brick apartment building and keep the thermostat at 65 degrees, which sounds chilly but thats what snuggies are for!"
So far this year my progress bill has been less than 60 a month. No solar panels, no special equipment. Just good common sense. We are not home in the day so everything is OFF!
pja1357 Mar 18, 2:14 p.m.
Oh great - just what we need. Like this really makes sense. Lets push everyone over the edge and in debt!!
Obamacare rises Mar 18, 2:11 p.m.
I'm still waiting for Doc Brown to come out with Mr. Fusion - Home Edition.
Thornes Mar 18, 2:02 p.m.
Wait a Minute!
1.Unemployment UP, less money for familys.
2.Gasoline Taxes outrageous.
4.Lottery system and the schools broke?
5.Unemployment payments lowered to 350
And the greed goes on and on. And someone wants a RATE HIKE. Yeah I would say that it is all turning into greed in this State. Too bad there is no way to stop the socialist spread.
mmtlash Mar 18, 1:56 p.m.
"Ya must be using candles for lights and surplus blankets to keep warm. Perhaps you have solar panels. $60.00 per month couldn't supply electric to a pantry closet for a month. Ya better have Progress recheck your electric meter, it may be defective." -jaydosse
my electric bill has averaged $60-$70/mo this winter...I like in a brick apartment building and keep the thermostat at 65 degrees, which sounds chilly but thats what snuggies are for!
geaton Mar 18, 1:47 p.m.
I am a state worker who again is looking at yet another year with no pay raise, while everything else goes up!
Companies should be required by law, to give cost of living raises each year.
immaannoid Mar 18, 1:42 p.m.
Hopefully they will also consider the sweetheart deals that some commercial customers received so they wouldn't protest the merger.
mike275132 Mar 18, 1:42 p.m.
I thought we have 100% Solar Power and Wind Power by now ?
As we all know the sun shines 24 hr a day and the Wind always blows....
jaydosse Mar 18, 1:21 p.m.
"Although my bill from progress so far this year is only averaging less then $60 a month" ~ ALL HAIL ME ~
Ya must be using candles for lights and surplus blankets to keep warm. Perhaps you have solar panels. $60.00 per month couldn't supply electric to a pantry closet for a month. Ya better have Progress recheck your electric meter, it may be defective.
URADA Mar 18, 1:16 p.m.
I heat and cook with natural gas. I live in a 1400 sq ft brick home that is well insulated. None one is home M-F from 7am-5:30pm My power bill from Progress energy is $150+ every month during fall and winter. They refuse to come out and check for any problems. It jumped over $100 a month in 2011. I called and they said they do not do checks for that small of a monthly increase.
jaydosse Mar 18, 1:15 p.m.
I am willing to bet that the energy company would stop this nonsense if everyone just refused to pay their electric bill for a few months. I seriously doubt if "Progress" would shut down all electric power in the triangle. That certainly would not be in their best interest.
The corporate greed has made the working class numb to reality.
Bogged Down Mar 18, 1:09 p.m.
Folks, the rate hike IS coming, and here's how...
-- McCrory is a former employee of DUKE ENERGY, now PROGRESS ENERGY, and he owns a HUGE AMOUNT of STOCK in the company. How much? He won't say because he knows about the obvious conflict of interest.
-- McCrory is working to stack the NC Utilities commission with GOP Yes Men.
So, for him, a rate-hike is a WIN-WIN. He makes more money on dividends, AND he gets to pay back all his investors, er, I mean "campaign contributors."
Isn't capitalism grand?! Our Governor is bought and paid for by corporate $$$, and now his backers can finally see some real return on their investment.
So, when your rates go UP, UP, UP, you can thank PAT MCCRORY for making it happen!
corey3rd2 Mar 18, 1:07 p.m.
Duke Power has to make up all the money they spent to get McCrory into the governor's mansion.
SaltyOldJarhead Mar 18, 1:06 p.m.
Duke needs to raise our rates in NC so they can afford to continue to buy Power Companies in Latin America and to pay for their dying Nuclear plant in Florida. Welcome to the wonderful new world of post-Duke/Progress merger.
My vote would be to deny the rate increase and un-merge the companies.
robbincasino Mar 18, 1:03 p.m.
Not really sure why they even go before the Public Utilities Commission asking for a rate increase. Years ago, Progress Energy was assured a guaranteed profit by the Commission. These hearings are just done to make us feel like we're not really getting ripped off, while of course.. we are.
aspenstreet1717 Mar 18, 1:02 p.m.
Question why there is zero competition.
Published: 2007-10-05 09:38:00
Updated: 2014-06-24 16:03:36