The Times Herald - Peco predicts double-digit rate hike - 0 views
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Energy Net on 01 Aug 08Contrary to earlier projections, Peco customers can expect rate hikes of 19 to 20 percent when artificial price caps on utilities expire over the next few years, a company official revealed Wednesday. Until now, Peco held the somewhat envious position among Pennsylvania utilities as the only provider expected to raise electricity rates by single digits come January 2011. Those figures were according to estimates released by the state's utility consumer advocate in May. Other companies such as Allegheny Power and PPL are expected to hike rates by 63 percent and 37 percent - respectively - when the Pennsylvania price caps expire.