make WWAY your homepage  Become a fan on facebook  Follow us on twitter  Receive RSS Newsfeeds  MEMBERS: Register | Login

Progress Energy: could cost $1 billion to clean up power plants

READ MORE:
RALEIGH (AP) -- More than $1 billion. That's how much Progress Energy says it could pay to clean up coal-burning power plants in North Carolina and South Carolina, and more than half of the cost could fall on consumers. The power company says that in order to comply with a 2002 environmental law, customers could pay $542 million of the total cost. That means a typical household bill would increase by about $1.50 each month. But the Raleigh-based utility says it doesn't expect to raise rates in North Carolina any time soon. Progress Energy spokesman David McNeil says the current rates were last set in 1988 and have allowed the company to spend more than $4 billion on transmission lines, power plants and other upgrades. The utility company released its cost estimates this week to the North Carolina Utilities Commission. (Copyright 2007 by The Associated Press. All Rights Reserved.)

Disclaimer: Comments posted on this, or any story are opinions of those people posting them, and not the views or opinions of WWAY NewsChannel 3, its management or employees. You can view our comment policy here.

»

Reply

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

More information about formatting options

To prevent automated spam submissions leave this field empty.
CAPTCHA
Please re-enter the code shown in the image below.