Coal Costs Questioned
April 2nd, 2007 by Mike VasilindaThe state’s Public Counsel says Progress Energy customers are due anywhere from 111 million to 143 million dollars in refunds on fuel supplies purchased over the past ten years. Three days of hearings began in
“2005 only, the difference between the fuel burned and what should have been burned had they been taking advantage of PRV Coal and using the 50/50 blend the units were designed to burn was 29 million dollars. For 2004, standing alone… 21 million dollars. For 2003, standing alone… 15 million dollars.”
SOT: Joe Burnett / Progress Attorney
“The evidence in this case will show we made reasonable and prudent decisions that saved customers… not cost, saved customers hundreds of millions of dollars from 1996 to 2005.”
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