Progress Energy to ask for 12% rate hike

Progress Energy to ask for 12% rate hike

Progress Energy to ask for 12% rate hike

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by NBC Charlotte

WCNC.com

Posted on October 13, 2012 at 10:53 PM

CHARLOTTE, N.C. -- Progress Energy customers are facing an increase in their energy bills.
 

The company is asking state regulators to approve a 12 percent rate hike.
 

For the average customer that means an extra $180 each year. Progress Energy, which is now part of Duke Energy, says it needs the money to pay for power plant upgrades to reduce pollution.    
 

Duke Energy is also planning to request a rate hike sometime in the next few months.
 

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