RALEIGH -- Progress Energy will be allowed to recover some of its higher fuel costs by raising prices on the average household bill by more than 10 percent.
The electricity price will increase in December. Rates would likely increase again in December 2009. The state Utilities Commission approved the 10.2 percent increase Friday.
The Raleigh-based electric company agreed in September to spread the increase over three years after negotiating with the commission's Public Staff, which represents consumers and
industrial customers.
In June, Progress Energy asked to raise rates by 16.2 percent to about $113 a month for an average household using 1,000 kilowatt hours of electricity. The Utilities Commission instead approved a rate that will increase bills from almost $97 to nearly $107.
(Copyright 2008 by The Associated Press. All Rights Reserved.)


What about the price of oil goes down?
You think Progress burns oil?
We need to stop thinking
High Cost of Electricity
electric bill
maybe
NOBODY, even with a college
85 dollars is cheap. Wait
Not Cheap
I've lived here thirty
Progress energy prices
CP&L hike
The PUC is well aware of Progress salaries
THIS IS AN OUTRAGE!!!
THIS IS AN OUTRAGE!!!!
Extras
How about the hardworking shareholders?
Here we go....
They're a publicly traded corporation....
Electric Bill
Showing our ages
Who Cares...
Utility Charges
Hugo Chavez, is that you?
They need to cut back....
Come on
10% hike - Progress Energy
You, sir, have a great attitude.