Utilities commission approves PSNC rate decrease

State regulators have approved a 14 percent rate decrease for PSNC Energy customers, N.C. Utilities Commission officials confirmed Tuesday.

The News & Observer of Raleigh reported the typical homeowner would save about $24 a month.

In May and June, PSNC sought – and got – approval for two rate hikes, amounting to a 31 percent increase – or about $40 extra on the average bill during the winter months. PSNC said the raises then were necessary to pass the rising cost of natural gas onto costumers.