RALEIGH, NC (WNCT) – Duke Energy Progress reported on Friday the completion of a transfer of energy assets that puts local cities and towns on track to lower energy bills.
The deal with the North Carolina Eastern Municipal Power Agency (NCEMPA) involved dozens of towns in Eastern North Carolina and across the state.
The over billion dollar sale took around a year to go through legislative actions, local and other regulatory approvals.
In Greenville, bills are set to drop around $10, according to the Greenville Utilities Commission (GUC).
GUC reported that it is implementing a 7 percent drop to be effective August 1.
In Kinston, leaders posted to social media that they “are excited to pursue rate reductions for our customers in the coming months.”
New Bern customers are set to see a 12 percent drop effective September 1, according to a press release from the city. This comes after the city’s new budget implemented a 3 percent reduction.
NCEMPA was formed in 1978 and is managed by ElectriCities of North Carolina.