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Progress Energy requests rate hike; residents sound off

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WILMINGTON, NC (WWAY) -- Progress Energy says it has asked the North Carolina Utilities Commission for a rate increase the company says would push residential bills up an average of 14.2 percent.

Progress Energy says the overall 12 percent increase, which would generate an estimated $387 million a year, is needed to offset higher operating expenses and the cost of building state-of-the-art, low-emission power plants.

The energy company says the proposed increase would raise residential rates more than commercial and industrial rates, more accurately reflecting the cost of serving residential customers.

"One way or another, they are going to extract the money from you and we all have to pay for our energy don't we," Progress Energy customer Rich Lehrer said.

The total net residential increase, as proposed, would average 14.2 percent. The bill for an average residential customer using 1,000 kilowatt-hours (kWh) per month would increase to $119.94 from the current $105.15. That includes an increase in the standard customer charge to $13.50 per month from the current $6.75.

Customer Oliver Young said, "It really just makes it harder for me. I work a blue collar job. It's just tough, you know."

The average net increase for commercial and industrial customers would be about nine percent.

The largest portion of the request is for investments made to modernize the power system. Progress Energy Carolinas is retiring 12 coal-fired units at five sites and replacing them with natural-gas-fueled plants, including in Wilmington.

But with Progress also running a nuclear plant in our area, Lehrer doesn't understand why bills would go up.

"It doesn't make sense for everyone here in Wilmington when in fact we're nuclear energy. We're already low emissions, so it seems to me that we are paying for what they're having to do somewhere else," Lehrer said.

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Progress Energy rate increase

This magnitude of rate increase was promised by President Obama when he started his green energy initiative. Now it has come home to roost. Blame the EPA and the current administration.

A few answers

ALL of these plants are Progress plants. Pressure to get them converted to natural gas quickly has been intensified by Duke, who is 100% on board with this "green" nonsense.

What you are witnessing is the end result of governmental pressure to destroy the coal business. In addition to electric rates rising as we convert to natural gas, you will soon see increases in prices for anything that travels by rail, because five of the seven Class A railroads operating in North America are seeing decreased revenue from coal shipments. They have to make up that revenue somewhere, and it will be coming from your wallet when you buy a car, a box of cereal, a television, or anything else coming in by rail.

You have an opportunity to voice your opinion on the War on Coal on November 6th.

Finally, Brunswick plant is ONE powerplant of many, all feeding a grid that powers the state and helps to power entire Southeast. To think that we shouldn't have to pay what every other NC customer has to pay because Brunswick plant is in our backyard reflects an incredible ignorance of how the transmission system operates.

14.2 percent, aka business as usual

They always ask for twice as much as the North Carolina Utilities Commission will give them.

They get half of the increase, the Commission gets to thump their chest, and proclaim a battle won for the people.

Then, when the Commissioners leave, they go to work for the industry.

Also, where are the profits. They want the increase to modernize the plants. How much are they spending out of profits to keep things up to date.

Wonder what would happen if they received a 0% increase like most people.

Things are really looking poorly for North Carolina and for America.

Energy prices ^
Homeowners ins ^
Groceries ^
Fuel prices ^
Clothing ^
Entertainment ^

The only segment of the economy going well is the "Green Energy" loans from the taxpayer, the company ends up in bankruptcy, and the head honchos get rich.

Thats change you can believe in.

Questions

1. How many of these coal fired plants are outside Progress Energy's territory before the merger?
2. Why is the justification for DOUBLING the standard customer charge?
3. Why should we continue (yes, look at your current bill) to pay a premium for "Renewable Energy", most of which is sent out of state?

REPS* Charge: These are costs incurred for acquiring electric generation from renewable energy and
energy-efficiency resources such as solar, wind, hydroelectric, biomass and other sources. The REPS charge
is reviewed annually by the NCUC and adjusted to reflect changes in the actual costs incurred.
*REPS stands for “Renewable Energy Portfolio Standard.” A 2007 North Carolina law requires the company to provide an increasing
percentage of energy sales from renewable resources, subject to a rate cap. The requirement grows from 3 percent in 2012 to 12.5
percent of retail sales in 2021 and includes specific requirements for energy generated from solar sources, poultry waste and hog
waste. The company has signed contracts to purchase energy from a number of solar photovoltaic arrays, biofuels facilities and
other renewable sources, and continues to scour the market for additional cost-effective renewable energy opportunities

4. Did someone say that "electricity rates would necessarily skyrocket"?

Craziness Rules

A rate increase for what? CEO and VP's need bigger bonuses. It cost big money to have vacation homes, Mercedes, yachts and girlfriends. So how else to pay for it. Hey the middle class is always getting the shaft and there is nothing they can do about it. Because we do not show up at the voting booths with enough strength to rule. We are the majority or used to be. Maybe with Obama the poor are the majority. When we use our inherent power to vote in who will really protect our interest we will suffer!

I haven't had a raise in 4 years

How can I live if I have not had a pay raise in years as a state employee yet the cost of everything is rising. I'm in a sinking ship.

Easy second job. Typical

Easy second job. Typical reply from a government employee. I left state government after 17 years because of pay. When I did work for the state I got approved for secondary employment to meet my financial obligations.

Yes you have...

We did get a 1.2% raise this year. The first since 2008.

4 year raise

Well, you do have a choice in the matter. You can either work for a different employer or cut out a trip to McDonalds or maybe just maybe not living above your means?

Not that I agree with the

Not that I agree with the rate hike...lord knows i dont want to pay more myself....however it did say they are retiring 12 coal-fired units and replacing them with natural gas... which i am sure alot of people are very happy about. So if everyone wants cleaner energy....from our own country...then we all have to pay for it do we not? Again a rate hike stinks and I dont want to pay either.On another note, its funny we all complain about the cost to have electricity...to power an entire house...yet we are willing to pay the same, if not more, for a cell phone and cable :)Just thought i would be devils advocate...

How Much More???

Gas prices - up.
Homeowners insurance costs - up.
Property taxes - up.
Home heating & electricity - up.
Food prices - up.

It's not going to be long before the every-day people finally just rise up and say "Hell, No," and begin to take matters into their own hands.

And it's got nothing to do with President Obama (or any other politician), it's OUR faults for sitting by & allowing just one freaking more price rise happen on the backs of the middle class. Enough is enough.

How's that HOPE and CHANGE

How's that HOPE and CHANGE thing working out for you???? Let's see, Obama said he was going to get rid of COAL!!!, guess what, where does the majority of electricity come from??, (I'll give you a little hint for the mentally challenged, yes , that's right, from coal powered plants, so if you are going to get rid of clean coal, then someone has to foot the bill, hence the need for a rate hike to switch over), do I like it?, NO! but neither do I like 4.00 a gallon gas, double grocery prices in the last 4 years, doubl insurance premiums, and soon to be double health care premiums, the increse next year to business's in health care coverage for their employee's alone more than justify's a 15% increase in power rates, heck, if power companies were keeping pace with fuel, groceries, and insurance premiums we would be looking at 100% increase's, after all, we can just plug our car's into the wall socket and save enough money on transportation cost alone to offset all the increases to cost of living for the last 4 years of this administration.

WELL SAID!!!

WELL SAID!!!

LOL

.."cost of building state-of-the-art, low-emission power plants" See how all that hope/change crap works people?!

Still think corporations are "people"?

Expect the rich to get richer under Romney/Republicans, because they will bend over backwards to keep the working/middle classes powerless and dependent upon them.

The economic divide in this country will soon completely overwhelm the system as people won't be able to afford these insurance and utility increases. These corporations don't care about creating jobs---they only want MORE money for their CEOs! Wake up, Americans!!!

Why in the world....

Why in the world would you BLAME Mitt Romney for this? The economic divide AND THE RACIAL DIVIDE in this country have been pushed to the forefront by Obama. You are in this situation today because of Obama. You must be like him...never willing to take personal responsibility. You'll notice that I have never called him "President" Obama while posting here. You wanted it...you got it...now deal with it.

Progress Energy requests rate hike

i really cant belive this ,, thay want to increase the rates ,and im just trying to pay off my summer bills .. i live in a 2001 moble home .3 br ,i dont have nothing in my plugs but what i need at the time , i have a stove thats a 220 , and my air , everything els is a 110 . my augs bill for 3 weeks was $377.00, i went to out of town for a week and turn everything off , my sept bill was $ 360.00 in a moble home ,i have called them and they say they feel my pain ,,when my street light went out , my moble home went out , i asked if im paying for that light , they said no , i asked them [ progress elc ] then why did my lights go out when the street light went out ,, they never told me ... look i have paid my bills ever month , but im disiable , and im on a c-paps , and cant get true answer to my over rate bill, and now they want to raise it ,,, im protesting on that ,its not fair and there is no help ,,, the brunswick co ssd is out of funds !! so help !!!

RIP Stadium Bond

Another nail in the coffin for the stadium bond. Insurance companies want a rate increase, Progress Energy wants a rate increase, the CFPUA will want a rate increase next year, City Stormwater Services going up by 5%. My property taxes went up 200 dollars this year (remember how property appraisals were supposed to be revenue neutral).

This argument about how a stadium will only cost about the price of an expensive latte per week is a laugher. In the face of all of the above, the bond just adds to the misery.

Above all else, government (COW) is not asking the taxpayers to pay for a public good (sidewalks, infrastructure, lighthouses) in macroeconomic terms. They are asking us to pay for some for that is not for open public use without paying a ticket price. A for-profit expenditure where fatcats like Saffo (and the County's Barfield...literally) get a free club box view and the taxpayers get the bleachers at "the price of a movie ticket" is asinine.

Sputter, sputter, cough, cough...the bond plane is in an uncontrolled nose dive into the alfalfa.

No to fuzzy math on attendence, no to fuzzy math on costs, no to fuzzy math on jobs and revenues. Vote NO stadium tax.

Revenue neutral means that

Revenue neutral means that the sum of taxes charged by the county will not increase. Yours may go up and another tax payer's may go down.

yeah so?

As rel estate recovers your tax rate will go up even higher to pay for the ballfield. If your house doubles in value so does your taxes paid.
Eventually those that spend other peoples money begin to realize themselves that "hey this hurts"....

Vote "NO"

Vog

Well...thanks for explaining that to me.

OK...so I guess I was the loser on the property tax deal while the value of my home when down 50k. So, now...I still vote no on the stadium.

A 14.2% increase? After the "merger"?

Well, my goodness gracious. It seems that the good ol' boys that promoted the Duke Power, Progress Energy merger were tellin us that would make energy costs cheaper for consumers. Now when the merger is complete, that request the largest hike since 1987? Smells like a rotton cow on a hot day!

I guess we all knew the lies were there the whole time...they're going to do what they are going to do...

One more Obama failure

"Progress Energy says the overall 12 percent increase, which would generate an estimated $387 million a year, is needed to offset higher operating expenses and the cost of building state-of-the-art, low-emission power plants."

He's not only wasted 90 billion in tax dollars on green energy (as these companies with ties to his campaign failed disastrously) outsourced 29 billion in contracts to Mexico, Finland and Denmark, he's driving up electricity costs for the hard working people of this country. He made it clear in a lie-filled 2007 speech that he doesn't want to build roads for working people in the suburbs and now he wants to make it to expense to heat/cool your homes and feed your families. Still buying the Dopey/Change bit?

So the insurance mafia wants

So the insurance mafia wants to charge us 30% more for our homeowners insurance, gas prices continue to climb, food prices continue to climb, and now the utilities mafia plans to raise rates by another 14%. Didn't they ask for a rate increase last year? Progress Energy should be ASHAMED! I thought there were laws to protect consumers from price gouging.

progress energy increase

This is just what everyone needs another rate hike in a bad economy!We struggle to pay our electric now,my husband is disabled & we live off of his income.One of units is not working & we have no money to fix it.Beacuse of this our bill is running higher.We DO NOT need another increase!Please think of people like us that struggle every month!

a 14% increase for a monopoly?

Do these morons not realize that there is already a private citizen financial crisis in play? 14% You have GOT to be kidding me!
I will be paying on peak months up to $60 MORE pre month.. I already can't afford my $300 thanks-to-an-older-house bill as it is!
Martha! Break out the candles and the coal grill!
Right before the holidays as well.. Geesh what a flippin monopoly!

Rate Hike???????

A questionable merger before and after and one of the first friggin things they want is a rate hike? I thought the merger would save money by consolidation, natural gas prices, the stability of nuclear fuel prices and so on. 14+ percent at one time is a travesty. If the Utility Commission allows this they all need to be lined up in front of a firing squad. The SEC needs to look into this also. The monopoly of one utility is taking over already. This will more than likely add 30-50 dollars a month to an average bill. Enough of the BS and the manipulation of everyday energy needs. This includes the gasoline we are being gouged for as well as heating oil. Again, ENOUGH!!!!!!

The Duke Energy File

And just a follow up to my comment. They say there has been no rate increase in 25 years? Then why, please tell me is my Electric bill 4 times higher than it was 20 years ago. 1991 with 4 kids and 2 adults. Now 2 adults and 1 child. We use 1/3 less in kilowatts. Our bill is 4 times more. Our home in Pender, no one lives there, it is cut to the basics. No cooking, no clothes washing or drying. Heat at 58 degrees, air conditioning at 78 degrees. Two Hundred twenty dollars a month,,,and it fluctuates. Please explain Duke Power. I have asked until I am Blue in the face and all I am told, it is what it is. Bull S+"*.

We are all suckers and they know it.