Duke Energy Progress: Weather raises rates

Duke Energy (WRDW-TV)
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Tuesday, July 1, 2014

GREENVILLE, S.C. (AP) -- Duke Energy Progress customers in South Carolina will see a slight rate increase because of higher fuel costs sparked by the winter's extreme conditions.

Duke Energy said Tuesday that a typical residential customer using 1,000 kilowatt-hours of electricity per month will see the bill increase by 14 cents from $104.88 to $105.02.

Commercial customers will have an increase of 2.8 percent. Industrial customers will see a 1.2 percent increase.

The new rates take effect Tuesday. The fuel rate is determined by the projected cost of fuel used to provide electric service to the company's customers, after a comparison against the prior year's projections. The Public Service Commission reviews the fuel costs.

Duke Energy Progress serves customers in the Florence and Sumter areas.

(Copyright 2014. The Associated Press.)

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