Progress Energy requests to lower electricity rates for retail customers

Progress Energy Carolinas on June 4 said it is requesting to lower the overall rate North Carolina retail customers pay for electric service.

The utility is making three filings. One seeks to lower the portion of customer bills that pays for fuels used to generate electricity. Another filing requests a slight decrease in the monthly customer charge to pay for adding renewable and alternative energy as required under state law. The third seeks to raise the portion of bills used to pay for expanded energy-efficiency and demand-side management programs.

If approved by the N.C. Utilities Commission, the filings would result in a reduction of $0.66 per month on a 1,000 kWh bill.

Progress (NYSE: PGN) said the proposed change in the fuel charge reflects lower prices paid for power plant fuels, particularly natural gas, and lower overall coal use during the last year.

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