Electric rate committee recommends restricting revenue – Wilson Times

Response: “It’s been a waste of time to continue to study and study and study and do nothing,” Dew said. “The legislature created this monster years ago and the legislature should slay this monster.”

I totally agree with Ricardo Dew whom have done much research and study on ElectriCities. I agree with all that he has said addressing this issue be it in Wilson and Rocky Mount NC. C. Dancy II – The Political Agitator

RALEIGH — State lawmakers believe their best shot at reducing electric rates in the future is through legislation.

The Municipal Power Agency Relief subcommittee, co-chaired by Sen. Buck Newton, R-Wilson, and Rep. Jeff Collins, R-Nash, finalized its study report Thursday that recommends legislation that restricts the use of electric fund revenues and requires revenues be used for debt payments. (More)

See related:

Study panel finds few answers on electric rates – Rocky Mount Telegram 

ElectriCities

Study panel finds few answers on electric rates – Rocky Mount Telegram

Response: They found that refinancing the debt is not an option, Newton said. Doing so would have long-term disadvantages because of the bond market and the nature of the debt.

I hope those ignant host and co-host on and/or those who call in to WHIG TV Morning Show, America In Danger on WHIG TV read this report because I get sick and tired of their ignant comments misleading folks. I have called in several times correcting their ignance.

I just called America in Danger this past Monday night for the 2nd time correcting Robert Cressionnie’s ignance. He asked me the question did I feel it was wrong for the city to take money from utilities to pay for special projects and I said as long as it is legal they can do it and if anyone has a problem with it they need to fight to change it. The damn fool kept asking me the same question saying I was dancing around the answer. I told the damn fool that I was not going to answer the question how he wanted me to. I ended up hanging up on his ignant a . . . I hate it when folks intentionally mislead folks. C. Dancy II – DCN Publisher

RALEIGH – A legislative committee that has been examining ways to lower electric rates for many residents in Eastern North Carolina is recommending legislation that would limit the amount of money certain cities could transfer from their electric funds to their general funds. (More)

See related:

ElectriCities

Lawmakers: No simple solution to high electric rates – Rocky Mount Telegram

RALEIGH – Lawmakers who met Tuesday to discuss high electric rates in many parts of Eastern North Carolina said there will be no silver bullet for reducing those costs.

They heard from economic development and energy experts who discussed several potential options during a three-hour meeting of the Joint Municipal Power Agency Relief Committee at the N.C. Legislative Building in Raleigh. (More)

See related:

ElectriCities

Lawmakers take another look at electric rates – The Wilson Times

Legislators will take a closer look at electric rates in Eastern North Carolina Tuesday in an effort to find solutions for costs that some say are crippling many residents and business owners.

The Joint Municipal Power Agency Relief committee will meet Tuesday from 1:30 to 4:30 p.m. in Room 544 of the Legislative Office Building in Raleigh. The committee is co-chaired by Sen. Buck Newton, a Republican who represents Wilson and Nash counties, and Rep. Jeff Collins, R-Nash. (More)

See related:

ElectriCities

Officials hope for electric rate fix – Source: Sun Journal

Wilson Times

State leaders are hopeful they can find a solution that can lead to lower electric rates for customers serviced by public power agencies in Eastern North Carolina, including New Bern.

Rep. Jeff Collins, R-Nash, co-chairman of the Municipal Power Agency Relief Committee, said the group’s first meeting recently was a first step in trying to understand the structure and debt by the agencies. (Read more)

See related:

ElectriCities

 

Regulators side with New Bern in electric merger – Source: Sun Journal

A Friday night decision by the U.S. Federal Energy Regulatory Commission that orders Duke Energy and Progress Energy to explain in 60 days how they would remedy anticompetitive effects of their merger in the Carolinas was vindication for New Bern, Mayor Lee Bettis said.

New Bern officials have stood nearly alone in saying the merger that would create the largest utility company in the country would damage competition to keep electric rates lower. (Read more)

See related:

ElectriCities

Lawmakers to tackle electric rates – Source: The Wilson Times

Sen. Buck Newton, a Republican who represents Wilson and Nash counties, was appointed Wednesday to co-chair the Municipal Power Agency Relief committee, which will seek ways to cut electric costs for customers served by ElectriCities. (Paid Content)

See related:

ElectriCities

Electric rates take center stage – Source: Wilson Times

New Bern Mayor Lee Bettis and Rocky Mount Councilman Andre Knight traveled to Wilson Saturday to talk with residents about electric rates and shared concerns about the pending merger of Duke Energy with Progress Energy Carolinas. (Paid Content)

See related:

ElectriCities

Power Struggle Part 3: ElectriCities Rates Exceed The National Average, Legislation Targets The Power Agency – Source: WITN

If you’re a customer of one of the 32 municipalities that make up the North Carolina Eastern Municipal Power Agency managed by ElectriCities, you pay more than Progress or Duke customers for the exact same thing.

The rates the nearly 270,000 ElectriCities customers pay averages 13.6 cents per kilowatt hour, compared to 9.6 cents for Progress, 8.2 cents for Duke, and 11.1 cents for the non-profit Tideland Electric Membership Corporation, which refunded $682,000 to its 22,000 customers last year. Jones/Onslow EMC, with a rate of 10 cents, did the same thing, returning three million dollars in credits or refunds to customers. In fact, the rates ElectriCities customers pay are even higher than the national average of 11.3 cents per kilowatt hour. (Read more)

See related:

Wilson NC – Video: The NC Eastern Municipal Power Agency Meets/Rocky Mount Councilman Andre Knight 2nd Vice Chair Briefing On The Meeting

ElectriCities