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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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28 Comments on "Progress Energy requests rate hike; residents sound off"

2015 years 10 months ago

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

2015 years 10 months ago

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

2015 years 10 months ago

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.

2015 years 10 months ago

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.

2015 years 10 months ago



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