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"?
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