Law enables lower power rates
The General Assembly has passed and Gov. Pat McCrory has signed the bill – with some flourishes and doing it in Wilson –that will allow that city, Wake Forest and 30 other North Carolina towns and cities to reduce the electric bills their customers pay. Do not expect to see that cut in the next few months, however, Wake Forest Town Manager Mark Williams said. “The effect is that Wake Forest’s wholesale bill from NCEMPA (North Carolina Eastern Municipal Power Agency) will be reduced and we will be able to pass those savings on to our retail customers. Exact changes in rates are hard to pin down at this time and I would not want to promise something too early,” Williams said. “I am recommending that the town do a full rate study next budget year to determine the best way to pass on the savings to all of our