Agenda Package - 11-19-12 Reg. Meeting

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-23- EXHIBIT NO. P -2 PAGE 9OF12 APPENDIX A PAGE 3OF6 EFFECT OF RATES For existing residential customers, the proposed rates (excluding the effects of all riders) would change the bill of a residential customer using 1,000 kWh a month, as follows: Existing $ /month Proposed $ /month Change ($) $/month Change $105.44 1$120.23 1$14.79 114.0% The dollar amount and percentage change will vary with each customer's level of electricity usage. The increases shown above include a basic customer charge increase from $6.75 to $13.50 for most residential customers. The basic customer charge would increase from $12 to $17 for most small general service customers, and from $12 to $21 for medium general service. The basic customer charge for most large general service customers would be reduced from $500 to $160. Time -of -use, general service, and interruptible customers would experience increases and /or decreases in their monthly bills based upon their particular rate schedule and usage level. The Commission will consider additional or alternative rate design proposals that were not included in the Company's application and may order increases or decreases in individual rate schedules that differ from those proposed by the Company, but will not consider any increase in total revenues beyond that requested by the Company. OTHER MATTERS A list of present rates, together with details of the proposed adjustments in rates, can be obtained at the business offices of PEC or at the Office of the Chief Clerk of the Commission, Dobbs Building, 430 North Salisbury Street, Raleigh, North Carolina, where a copy of the application is available for review. These materials, as well as pleadings, pre -fled testimony and exhibits of other parties, hearings transcripts, briefs, ` The calculation of the typical bill for 1,000 kWh is based on changes resulting from this general rate case proceeding, including the impacts from the Fuel Adjustment Rider and Energy Efficiency Rider either already approved by, or pending before, the Commission in other dockets.