Warning: Constant ABSPATH already defined in /home/flanews/public_html/wp-config.php on line 34
Capitol News Service » Blog Archive » Progress Energy Rate Change

Welcome to

Capitol News Service

Florida's Best Political Coverage on Television

 


 


 


Recent Posts

RSS Quote of the Day

  • Charles Baudelaire
    "Everything that is beautiful and noble is the product of reason and calculation."
  • Wilson Mizner
    "The best way to keep your friends is not to give them away."
  • Benjamin Disraeli
    "Silence is the mother of truth."
  • H. Jackson Brown, Jr.
    "Never forget the three powerful resources you always have available to you: love, prayer, and forgiveness."

Progress Energy Rate Change

March 17th, 2009 by Mike Vasilinda

Progress Energy customers will see some rate relief beginning with their April bills. In January, rates spiked by as much as 25 dollars for a thousand kilowatts. The increase was to cover increased fuel costs and the building of two new nuclear power plants. After public outrage, the company went to the state Public Service Commission today and asked for rates to decrease. PSC spokesperson Cynthia Muir says customers will see a fifteen dollar saving beginning in April.

“Progress does have a significant increase in their rates beginning on the first of the year, about a 24 percent increase in their rates,” Muir said. “The commission did hear a lot of complaints regarding that.”

Progress is the first company to take advantage of a 2006 law that allows companies to collect nuclear construction costs up front before a plant is ever built. Consumer advocates have been arguing that many customers will have moved or have died before the plant is finished.

Posted in Business, State News | No Comments »

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

copyright © 2016 by Capitol News Service | Powered by Wordpress | Hosted by LyonsHost.com