What Happened in Statesville May Happen Here

2009-06-04_00-59-37-643As weatherization money flows from the Federal Government that is a decent chance that it may work.  Weatherization project goals are geared to decrease the consumption of electrical needs of ratepayers.  Most Cities in both the western and eastern power agencies depend on utility revenue to balance their budgets. 

Rocky Mount and Wilson is no exception to this rule.  Both Cities use utility proceeds to put back into the General Fund to pay for safety related costs such as fire and police.

Another issue to be considered relevant to decreased consumption of power is the never ending debt load on the 32 municipalities of NCEMPA.  The debt is currently 2.5 BillionRocky Mount’s share of that debt is 400 Million.  If consumption goes down, rates will certainly have to go up just to cover the debt load.

The Town of Statesville is increases its utility cost to ratepayers by 8% mostly due to increased wholesale hikes by ElectriCities, but also they have had a decrease in consumption.

Click on the picture above to read the article.

Advertisements

About George Fisher

George is a freelance writer, an author and a Democratic political consultant. He has worked as Deputy Communications Director for a Senatorial campaign and Campaign Manager for several NC House races and one congressional race. He previously worked as a news producer for a local television station.
This entry was posted in Cap & Trade Bill, ElectriCities, Media, price, Rocky Mount City Council, Weatherization and tagged , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s