Selma buys its electricity from Progress Energy and retails it to citizens and businesses in town. I have been informed that since Selma is a WHOLESALE customer and not a retail customer, that our wholesale rate has already gone up, so we hopefully won't get another increase immediately. Thank you for that correction.
Utilities Commission Approves 4.4 Percent Electrical Rate Hike - Expect to see higher utility bills this winter. Progress Energy has received approval from the state Utilities Commission to raise electric rates by 4.4 percent for homes, 5.5 percent for commercial customers and 7.3 percent for industrial users. The increase is about half of what the company had originally sought. Progress Energy asked for the increase to pay for a sixty percent increase in the cost of coal, used at power plants, in the past 18 months. The rate increases take effect on October 1. The average homeowner will see an increase of about $3.73 a month.
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