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NC justices uphold order that led to rate rise

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GARY D. ROBERTSON
Associated Press

RALEIGH, NC (AP) -- The state Supreme Court has upheld a decision by North Carolina electric power regulators that allowed a Duke Energy subsidiary to raise rates on residential customers of the former Progress Energy by 7.5 percent over two years.

The justices agreed Wednesday there was enough evidence to justify the state Utilities Commission's decision last year on a specific profit margin. The increase affects former Progress Energy customers in much of eastern North Carolina and in Asheville.

Attorney General Roy Cooper had appealed the commission's decision, saying it failed to consider in detail the economic impact on customers when determining return on equity.

Justice Barbara Jackson wrote Wednesday's ruling, which had no dissenting opinions. She said the agreement with Duke Energy included several provisions serving customer interests.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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Is anyone surprised that the

Is anyone surprised that the state of NC is siding with Duke Energy?

A direct result of closing coal power plants...

This rate hike is just one of many that are coming in the future. We can expect to see our energy bills double in the next 5 to 7 years. This is a direct result of what happens when we are forced to stop using our most abundant and cheapest source of fuel. Recently the EPA with the backing of The Sierra Club have proposed even tighter restrictions by 2030 which will virtually eliminate the use of coal. The technology needed to meet those proposed restrictions has not even been invented.
A little known fact... if America stopped producing all emissions completely; meaning give up our cars, boats, aircraft... everything that burns fossil fuels... we would make less than a 1% impact on the Earth. Meanwhile China, whom doesn't care about the environment,is kicking our butts economically and most of our remaining manufacturing is moving overseas.
Every time a coal plant is closed, the energy company has to either build a brand new plant / unit or purchase energy and re-sell it. Where do we think the money is coming from to build the new Sutton Steam Station Gas Turbine? GUESS who will have to pay for it? That's right my friends... all of us who purchase and use electricity!

Duke Power rate increase

When Duke merged with Progress Energy two years ago the two boards also merged and it was agreed the Progress Energy chairman would become the new chair of the merged board. On day one of the merger he was ousted and provided with a pay and benefit package north of $10 million. Several of his fellow execs from Progress bailed out with pay packages exceeding $1 million and the newly merged company had the gall to apply for a rate increase. That is what incensed Roy Cooper.

SERIOUSLY

Ugh seriously these utilities are sending clients in the lower middle class into bankruptcy - we can hardly afford our bill now with conservation efforts and yet the rates are going to be raised AGAIN! Ugh when we moved here 7 years ago we were looking @ maybe $75- $80/mos on our electric bill and now it's well over $200.00/mos and NO it't not usage...this is seriously getting out of hand! Better budgeting is needed on the Corporate Utilities End, NOT the customers' end!