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Rate Hike Hearing

Updated: Wednesday, March 6 2013, 09:46 PM EST
A public hearing was held Tuesday night to talk about progress energy's proposed rate hike. Customers got the chance to tell the North Carolina Utility Commission how they feel about the issue. Progress Energy argues it's been 25 years since they've asked for a rate increase.

The company is asking to increase rates 5.7 percent over the next two years. The money brought in would found three new natural gas fueled power plants that have already been built. Progress Energy officials say they understand a rate hike will be an undertaking for some customers, but it is necessary to continue operating and to move toward producing clean energy.

Several folks at Tuesday's public hearing aren't buying it. Dozens of protesters stood in the rain, others filed into the Buncombe County Courthouse.

The North Carolina Utilities Commission will hold an evidentialary hearing March 18th to decide whether to approve the rate increase. If they decide yes, Progress Energy wants the new rates to take effect June 1st.By Megan Schiering

Follow Megan on Twitter @MSchieringWLOS

Rate Hike Hearing

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