Dominion seeks 9 percent NC power rate increase

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Associated Press

Posted on February 16, 2010 at 12:36 PM

ELIZABETH CITY, N.C. (AP) — The major electric utility in northeastern North Carolina wants to charge more for its power.

Multiple media organizations reported Tuesday that Dominion North Carolina Power has asked state regulators to allow the company to raise its base rates by 9 percent.

The proposed increase would boost the average monthly residential bill from about $99 to $108, before taxes.

If approved by the North Carolina Utilities Commission, it would be the Virginia company's first increase in base rates in 17 years.

Dominion agreed in 2005 to cut base rates by about 6 percent through April 2010.

Dominion North Carolina Power serves about 120,000 customers from Roanoke Rapids to the Outer Banks.

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