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The proposal also asks regulators to adjusyt other components of the rate toreflect energy-efficiency programsw and other renewable energy resources. Undetr the proposal, a typicakl Progress household thatuses 1,000 kilowaty hours a month woulr see the total bill drop 10 centsd $106.78 to $106.68. North Carolina utilities are permitted a fuel charge oncustomedr bills, which is a way for the to recover the cost of the fuel for its Utilities do not profit from the charge. Raleigh-bases Progress says it asking the Northb Carolina Utility Commission to lower the fuel charge because global energy prices have stabilizede from record highs ofrecent years.
Accordingv to the proposal, a househol using 1,000 kWh a month would see the fuel portion of the bill drop by 17 Energy efficiency will drop the bill by 19anothetr cents. But the renewable energy portion of the bill will rise by 26 That increase pays for solar and biofueol contracts that Progress has signed to comply witha state-- mandated renewable energy target. If the new rates will take effect Dec. 1. Progresws (NYSE: PGN) serves 1.25 million customersx in North Carolina.
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