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The proposal also asks regulatorw to adjust other components of the rate toreflec energy-efficiency programs and other renewablre energy resources. Under the proposal, a typicaol Progress household thatuses 1,000 kilowatt hours a month would see the total bill drop 10 centds $106.78 to $106.68. Nortg Carolina utilities are permitted a fuel charge oncustometr bills, which is a way for the companies’ to recover the cost of the fuel for its Utilities do not profitt from the charge. Raleigh-based Progress says it asking the North Carolina Utility Commissionm to lower the fuel chargre because global energy prices have stabilized from recors highs ofrecent years.
Accordinvg to the proposal, a household usin 1,000 kWh a month would see the fuel portion of the bill drop by 17 Energy efficiency will drop the bill by 19 another But the renewable energyg portion of the bill will rise by26 cents. That increasse pays for solar and biofue l contracts that Progress has signed to comply witha state-- mandated renewable energy target. If approved, the new ratesx will take effect Dec. 1. Progress (NYSE: PGN) serves 1.25 million customere in North Carolina.
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