Progress Energy wants 14 percent hike for NC homes
Power lines are connected to a power pole in Greenville. (File/FOX Carolina)
CHARLOTTE, NC (AP) -
Progress Energy is asking North Carolina regulators to allow an increase in electricity rates that would raise the average home's power costs by almost $180 a year.
The subsidiary of Charlotte-based Duke Energy on Friday filed its request with the North Carolina Utilities Commission seeking to raise residential rates by an average 14 percent, and for commercial and industrial customers by 9 percent.
The company said it's the first time in a quarter century Progress Energy or its predecessors sought a general rate increase. The electric utility says it needs the money to recoup investments in modernizing power plants to reduce pollution.
The average Progress residential customer pays about $105 a month. That would increase to nearly $120 a month if the company's request is approved.
Copyright 2012 The Associated Press. All rights reserved.
Sunday, August 31 2014 3:28 PM EDT2014-08-31 19:28:29 GMT
Disturbing pictures of an injured kindergartner from Pascagoula have made a mother's call for action go viral online.More >
Disturbing pictures of an injured kindergartner from Pascagoula have made a mother's call for action go viral online. Friends and family of a Pascagoula kindergarten student have created a Facebook page and GoFundMe.com account claiming the girl was attacked on the playground this week by another student.More >
Sunday, August 31 2014 4:12 PM EDT2014-08-31 20:12:10 GMT
CONWAY, SC (WMBF) – Dozens of videos are all over Twitter from parties held at Coastal Carolina University. Many of the posts lead back to a group called I'm Shmacked. It makes videos at universitiesMore >
Dozens of videos are all over social media from parties held at Coastal Carolina University.More >