Local News

PSNC Rate Increase Takes Effect In July

Posted June 25, 2002 11:50 a.m. EDT

— Get ready for a higher natural gas bill.

Monday, the North Carolina Utilities Commision granted PSNC Energy an increase of

14 cents per therm


That raises the price per therm from 67 cents to 81 cents.

The 21 percent increase translates to about $110 a year for most year-round residential customers.

The rate increase starts with the July bill.

PSNC said prices have been going up all spring, and it kept rates low as long as possible.