Summary of the video:
New Bern is a member of ElectriCities which is a cooperative made up of 32 cities in Eastern North Carolina that came together in the early 1980s to buy power at a discount. We bought into a nuclear generation plant which has been problematic over the past 30 years.
Progress Energy is seeking a merger with Duke Energy which would produce the largest utility provider in the Country. We see this as being detrimental to our citizens which could produce rates that could cause us to be extremely non-competitive with our rates. Currently we are 30% higher than other cities. The City of New Bern is taking steps with some other cities to look at the possibility of an intervention of this merger.
To read more about the background and other information about the City’s power, please see their Electric Utility Presentation 2011.
If you missed the January 2011 meeting about ElectriCities at City Hall, read about it here: http://newbernnow.blogspot.com/2011/01/join-forces-to-reduce-city-of-new-berns.html.
Stay tuned for more information about the progress of this initiative.
Thanks, Sabrina, for taking the time to explain the progress of lowering the City of New Bern’s electric rates.
Please feel free to comment below or send me an email.