Local News

Utilities commission approves PSNC rate decrease

Posted September 30, 2008
Updated October 1, 2008

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.


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  • ThisIsMyName Oct 1, 2008

    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.

  • iron fist Oct 1, 2008

    They will rasie it again when the weather turns cold and people need gas for heat.

  • red355iroc Oct 1, 2008

    New rule.... They have my permission to lower the rates anytime they feel like it without the need for approval. :)

  • SomeRandomGuy Oct 1, 2008

    Why in the world do they have to get approval to LOWER rates???

  • FullOfId Oct 1, 2008

    They'll raise it again in the middle of winter.

  • xxxxxxxxxxxxx Oct 1, 2008

    I am on a fixed rate plan and just got my yearly rate adjustment - it nearly doubled. Now I wonder if they'll lower my rate in October or wait until next August? They can certainly RAISE my rate mid-year if natural gas goes up but I'm sure they'll tell me that they can't LOWER it until next August.

  • dko Oct 1, 2008

    The reason PSNC cut its rates is people are converting to electric. I work for a Heating & air company and I have been getting a lot of calls to switch to electric because of the price of natural gas