PSNC Asks to Amend Controversial Rate Plan Structure
PSNC Energy this week filed a motion with the North Carolina Utilities Commission to amend its controversial rate structure, which sets a minimum usage for gas customers in the summer month to prevent a higher rate in the winter.Posted — Updated
If the Utilities Commission approves PSNC's motion, customers could still see an increase in rates in the future. The lower rates would mean a decrease in revenue and profits.
PSNC is expected to ask Utilities Commission for a rate increase to make up the difference.
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