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The proposal also asks regulatorse to adjust other components of the rate toreflect energy-efficiencuy programs and other renewable energy Under the proposal, a typical Progress household that uses 1,000 kilowattf hours a month wouldr see the total bill drop 10 cents $106.78 to $106.68. North Carolina utilities are permitteed a fuel charge oncustomer bills, whicbh is a way for the companies’ to recove the cost of the fuel for its plants. Utilitiesd do not profit from the Raleigh-based Progress says it asking the North Carolinz Utility Commission to lower the fuel charge because global energgy prices have stabilized from record highes ofrecent years.
According to the proposal, a householxd using 1,000 kWh a month would see the fuel portionn of the bill drop by17 cents. Energy efficiencuy will drop the bill by 19 another But the renewable energy portion of the bill will rise by 26 That increase pays for solar and biofuel contractse that Progress has signed to comply witha state- mandates renewable energy target. If the new rates will take effect Dec. 1. Progress (NYSE: PGN) serves 1.
25 millionm customers in North
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