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Current News in local Utilities
ElectriCities No electricity rate increase seen istockAnalyst.com (press release) – Oct 8, 2010 Oct. 08–TARBORO — Town of Tarboro electric rates should stay the same for the next five, maybe seven years, Graham Edwards said Thursday. MCO – PGN N.C. cities with municipal power will not see rate increases StarNewsOnline.com – Sep 24, 2010 Meeting…
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ElectriCities: In The News—News Briefs
As a convience, I’v grouped all of the ElectriCities material together so you can sort through the articles. BRIEF: NEW BILLBOARDS TMCnet – 5 hours ago ElectriCities did the designs and presented them to Town Council this week and council members expressed their approval. "They have to be able to draw the … No electricity…
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Problems with ElectriCities—Repost from ENC Today
I hate to say it because I think we need to talk about the price of electricity in eastern North Carolina. We need to understand the hardships of having to face high light bills month after month with limited incomes, but everything that was said in Smithfield has been said 100 times before. From where…
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Fitch Upgrades North Carolina Eastern Municipal Power Agency (NCEMPA) to ‘A-‘; Outlook Stable
NEW YORK–(BUSINESS WIRE)–Fitch Ratings assigns an ‘A-‘ rating to the $185 million North Carolina Eastern Municipal Power Agency (NCEMPA) power system revenue refunding bonds, series 2010 A & B. The 2010 bonds are expected to price on Sept. 8, 2010. Proceeds will be used to current refund certain maturities of the series 1993B bonds. In…
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Butterfied: Paying down ElectriCities Debt with Fed Money is Not Possible
When asked about using federal stimulus funds to pay down ElectriCities’ debt, he said it’s not possible. He explored the idea but found there are too many places in the country facing soaring energy costs to be able to single out one area for special help. To use federal funds to pay down the regional…
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NCEMPA Refinanced $191 Million on August 3rd
Power agency plan may help with users’ electric bills from the Sun Journal-New Bern The power agency that supplies electricity to New Bern has passed the first milestone to lower its debt payments, a move that may help hold consumer electricity rates steady until 2013. The N.C. Local Government Commission on Aug. 3 approved a…
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What Happens When A City Doesn’t Budget Enough For Your Electric Utilities
From Washington NC, here is a great article about what can happen when a city doesn’t budget enough to maintain it’s electric system. I’m retelling this story primarily for two reasons: I live in Rocky Mount (and glad we don’t have this problem) secondly, to illustrate that fact that there is more to a public…
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Electric rates may be stable 5 years : Daily Advance
The wholesale electricity supplier for Elizabeth City, Hertford, Edenton and numerous other cities and towns in eastern North Carolina does not plan to raise rates next year and expects continued rate stability for several years after that. The N.C. Eastern Municipal Power Agency Rate Committee met last week and heard a report from staff recommending…
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Mayors Band What What?
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Electric Rate Reality.
Reality and electric rates don’t go hand in hand, at least not in Rocky Mount, NC. Bronson Williams’ the “truth hurts” radio broadcast is convoluted with misinformation. Allbeit, the same misinformation, day after day after day… If you live and work in Rocky Mount, you’d be better served to listen to 92.1 “Express Yourself” on…