State News

Progress Energy seeks lower electric rates

Posted June 4, 2009 3:16 p.m. EDT
Updated June 4, 2009 4:36 p.m. EDT

— North Carolina customers of Progress Energy would get an average 10-cent rate reduction under a rate plan proposed by the utility.

Progress said Thursday it wanted to lower the fuel cost in rates because of use of green, renewable energy and better energy efficiency.

Under the proposal filed with state regulators, the total bill for a household using 1,000 kilowatt-hours (kWh) a month would drop from $106.78 to $106.68.

“In these difficult economic times, we know every dollar counts, and we are very happy that we were able to meet our objective of minimizing rate impacts on our customers while keeping electricity reliable and affordable,” said Lloyd Yates, president and CEO of Progress Energy Carolinas.

The new rate would become effective Dec. 1 if approved.

Raleigh-based Progress Energy has two electric utilities that serve approximately 3.1 million customers in the Carolinas and Florida.

The request comes two days after Duke Energy asked state regulators to approve a 12.6 percent increase in electric rates.