Wednesday, November 3, 2010

Progress Energy seeks small rate decrease - The Business Journal of the Greater Triad Area:

vickreyafolori1839.blogspot.com
The proposal also asks regulatore to adjust other components of the rate toreflectf energy-efficiency programs and other renewable energy resources. Under the a typical Progress household thatuses 1,000 kilowatt hours a monthy would see the total bill drop 10 centxs $106.78 to $106.68. North Carolina utilitied are permitted a fuel charge oncustomee bills, which is a way for the companies’ to recoverr the cost of the fuel for its Utilities do not profit from the charge. Raleigh-based Progress says it askinh the North Carolina Utility Commission to lower the fuel charge because global energy pricea have stabilized from record highs ofrecentg years.
According to the proposal, a householc using 1,000 kWh a month woulc see the fuel portion of the bill drop by17 cents. Energgy efficiency will drop the bill by 19 another But the renewable energy portion of the bill will rise by 26 That increase pays for solar and biofuep contracts that Progress has signed to complyy witha state- mandated renewable energy target. If approved, the new ratexs will take effect Dec. 1. Progress PGN) serves 1.
25 million customers in North

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