Hearing on Progress Energy rate hike
From WNCN, RALEIGH, N.C. -
"On March 18, the North Carolina Utilities Commission will make a decision that will affect 1.3 million Progress Energy customers.
The company is proposing a reduced rate hike of 5.7 percent over the next two years and that is not sitting well with some customers.
At a public hearing tonight, Progress Energy customers from all over the state testified for and against the proposed rate hike. Before the hearing opponents from the AARP, Green Peace, and NC Warn amongst others, said if Progress invested more in clean energy, they wouldn't need to charge customers more in the first place.
Jeff Brooks is a spokesperson for Progress Energy Carolinas and said in response to critics, 'We absolutely believe energy efficiency is important part of the equation. We have to invest in it, and we are. We launched more than a dozen new programs since 2009 that have helped our customers save enough power to take in an entire town off the utility grid...'"
Read more here:
http://www.wncn.com/story/21635804/nc-utilities-commission-hears-from-th...
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This sort of price hike guaranteed to drive away new Businesses.
Ever wonder how much Duke Preferred lines Mr. McCrory's pockets?
Not necessarily
Utility rate increases are sometimes part of the incentive package. If I remember correctly both Spirit Air and the Lenoir County chicken processing plant got special water rates for some 10 years or so. I believe Spirit was given the opportunity to select Progress Energy rather than pay the much higher City of Kinston Electricities' rate. So when the water rates went up for the citizenry we all just shrugged. It is all explained in the country song, "Why is the fat man dancing while the poor man pays the band?"
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