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  • Communities struggle to pay for power [As coal prices increase - NC]

    04/20/2005 7:25:16 AM PDT · by TaxRelief · 3 replies · 214+ views
    Kinston Free Press ^ | April 20,2005 | Bob Shiles, Staff writer
    Kinston electricity customers won't be the only ElectriCities member to see higher electric bills next month. How much the cost jumps in individual communities, however, will vary. Communities that buy power from the N.C. Eastern Municipal Power Agency are scrambling to pay about 5 percent more for wholesale power. The agency is implementing an energy adjustment clause of 5.1 percent effective May 1. The additional cost of power is being driven primarily by skyrocketing coal prices. The Kinston City Council agreed Monday to raise electric rates an average 6.5 percent. Minimum residential and business rates will increase to cover a...