Local News

Progress Energy Asks Utilities Commission For Rate Increase

Posted 2006-08-03T21:12:15+00:00 - Updated 2005-06-03T05:48:00+00:00

Many North Carolina residents could soon be paying more for electricity.

Progress Energy asked the North Carolina Utilities Commission for a rate increase.

If approved, it would mean a 9 percent hike for residential customers, which is an average addition of $7.70 a month. It would boost the average monthly charge from about $87 to about $94.

Progress Energy said the increase is necessary because of "significant" fuel cost increases. If approved, it would take effect Oct. 1.