Cary News

July 30, 2014 7:34 AM

Progress deal would lower power bills in Eastern NC towns

Duke Energy Progress plans to buy back power plant shares from 32 Eastern North Carolina towns for $1.2 billion. The deal would erase 70 percent of the towns’ crippling debt that has forced residents to pay the state’s steepest power costs for decades.

Related content

Suggested for you



Editor's Choice Videos