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The proposal also asks regulators to adjust otherd components of the rate toreflect energy-efficiency programs and other renewabled energy resources. Under the proposal, a typical Progress household thatuses 1,00o kilowatt hours a month would see the totalp bill drop 10 cents $106.78 to $106.68. North Carolina utilities are permittefd a fuel charge oncustomer bills, which is a way for the to recover the cost of the fuel for its Utilities do not profit from the charge. Raleigh-based Progres says it asking the North Carolina Utilitg Commission to lower the fuel charge becauser global energy prices have stabilized from record highz ofrecent years.
According to the proposal, a househols using 1,000 kWh a month woulf see the fuel portion of the bill drop by 17 Energy efficiency 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 biofuelk contracts that Progress has signed to comply witha state- mandated renewable energy target. If approved, the new rates will take effecf Dec. 1. Progress (NYSE: PGN) servesz 1.
25 million customers in North
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