- Associated Press - Monday, November 23, 2015

CHARLOTTE, N.C. (AP) - A series of required price adjustments will see the average North Carolina residential customer of Duke Energy Progress saving a little less than $2 a month starting in January.

The Charlotte-based company said Monday the biggest change for its customers in eastern North Carolina and Asheville comes from passing along the reduced cost of fueling power plants.

Savings for a typical home will end up at $1.72 a month after the company adds back other costs. The company is passing along its costs associated with its $1.2 billion deal to buy out dozens of eastern North Carolina cities that made bad investments in power plants, increasing renewable energy production and electricity conservation.

The rate changes apply to customers in the territory formerly served by Progress Energy before a 2012 merger.

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