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Deregulation program will cause rise in electric rates
The immediate effect will be higher rates, which will hit consumers across the board, pinching individuals, businesses, school districts and local governments. However, she added that a study of the region also showed that as consumers, driven by rising costs, move to alternative energy sources, business opportunities will be created that could buoy the area's economy.
July 27, 2006
by Eric Mayes
in Sunbury Daily Item
LEWISBURG — Valley residents can expect electric bills to go up approximately 30 percent over the next three years as the state completes deregulation of the electric industry, creating a situation that will hit consumers hard but could create some business opportunities for the Valley as well, according to an industry analyst.
Stacy Richards, program director with SEDA-Council of Governments, briefed officials from 11 local counties on the effects of deregulation Wednesday at SEDA-COG's board meeting.
The immediate effect will be higher rates, which will hit consumers across the board, pinching individuals, businesses, school districts and local governments. However, she... [continue via Web link]
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