Energy price hike set for June 1
Progress Energy Carolinas, a subsidiary of Duke Energy, has reached an agreement with the North Carolina Public Staff concerning the utility’s request to raise base rates.
Under the terms of the settlement, the net increase to customers would be $151.4 million the first year and $183 million the second year, or an average increase of 5.7 percent for all customers by the second year, according to a recent release put out by the company.
Th...
by
Special to the Daily Journal
Richmond County Daily Journal
full story