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.