April 3, 2009

Electric Rates Could Jump

From FoxBusiness.com...

Report: 50-100 Percent Jump in N.C. Electric Bills Possible if Duke, Progress Build 4 Unneeded Nuclear Plants and Duke Finishes Cliffside Coal-Fired Power Plant

DURHAM, N.C., March 31, 2009

North Carolina homeowners could see their utility bills climb between 50-100 percent if Duke Energy and Progress Energy are allowed to proceed with four nuclear plants and if Duke completes the new Cliffside coal plant. Any need for these plants could be replaced with modest increases in energy efficiency, cogeneration, and renewable power, according to a major new study produced by the former chair of the Duke University Economics Department for NC WARN (North Carolina Waste Awareness & Reduction Network).

The report is being issued against a national backdrop in which more than 60 of 150 planned coal-fired power plants already have been stopped and many more are likely to be halted. NC WARN issued the report today ahead of a filing this week in which the group is contesting the long-range utility demand forecasts and the supposed need for the new power plants.


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