Rate proposal shocks manufacturers.
| Position | TRIANGLE - Brief Article |
Progress Energy is seeking its largest rate increase ever. Electricity bills would rise an average 15% for industrial customers, 11% for commercial customers and 9% for residential customers. Raleigh-based Progress says it needs the rate hike to cover rising costs of coal and natural gas to run power plants. If approved by the state Utilities Commission, the change would go into effect Oct. 1. Regulators...
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