PSNC Gets Rate Boost, Asks For Another
Saturday June 21, 2008 8:10 AM
http://www.newsobserver.com/business/story/1115618.html
"PSNC Energy is seeking a rate increase of 15 percent, just one month after raising rates 16 percent. The combined increases would add about $40 a month to a typical family's bill in the winter. About 40 percent of Triangle residents heat with natural gas. PSNC, the Triangle's natural gas utility, made the rate request Friday to the N.C. Utilities Commission. If approved, the change would go into effect July 1.
"It's staggering," said Bill Gilmore, natural gas analyst for the Utilities Commission. "We've never seen anything like this in the summer. These prices are out of control." "
"PSNC Energy is seeking a rate increase of 15 percent, just one month after raising rates 16 percent. The combined increases would add about $40 a month to a typical family's bill in the winter. About 40 percent of Triangle residents heat with natural gas. PSNC, the Triangle's natural gas utility, made the rate request Friday to the N.C. Utilities Commission. If approved, the change would go into effect July 1.
"It's staggering," said Bill Gilmore, natural gas analyst for the Utilities Commission. "We've never seen anything like this in the summer. These prices are out of control." "
