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Progress Energy proposes 31% increase in Pinellas County electric bills

Progress Energy is proposing to increase electric bills by 31% in Pinellas County, Florida, starting in January 2009, according to an article in the St Petersburg Times. Progress Energy says this is due to increases in fuel prices and commodity prices and increased transportation costs. 31% is a huge increase! What will this do to families who are already struggling to pay their mortgages each month? What about retirees and others who are on fixed incomes? Their annual cost of living increases aren't anywhere near 31%. Progress Energy still needs to justify this increase to the Public Service Commission - let's hope the PSC really does look into that justification before approving the increase.

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