The hearing will determine what
power companies in the state should be allowed to charge their customers for
fuel to generate electricity and what the companies can charge when they
purchase power from other companies.
During the hearing, five
utilities, including Progress Energy, will present their projected 2013 fuel
and purchased power costs, as well as Recovery of capacity, conservation, and
environmental costs.
Utilities are allowed to recover
the fuel and purchased power costs necessary to meet customer demand but are
not allowed to earn a profit on fuel purchases.
Progress Energy will likely seek
to lower their fuel charges to customers.
Earlier this year the company
filed requests to lower average residential customer bills by 6 percent through
lower fuel charges as well as a $129 million refund to customers.
If approved, the lower rates
would take effect with the first billing cycle in January.
http://www.oysterradio.com e-mail manager@oysterradio.com with comments
No comments:
Post a Comment