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Duke Rate Hike - A Look Back
Wednesday, June 4, 2008 2:18:24 PM - Middletown Ohio
By: Andy Wendt
1959 Cincinnati Gas And Electric Bill

With the recent news that the PUCO has given the OK for Duke Energy to increase their fixed base rate I thought it might be a good time to reflect back a bit.  But first, and in order to put things in better persepctive, lets take a look at the these approved increases. This summer our fixed base rate for anyone using Duke natural gas, even if you use zero natural gas, will go from $6 to $15 per month . By this October we will pay a fixed base of $20.25 for the privilege of being a Duke Customer and within a year that privilege will cost us a fixed base of $25.33 per month. In the eyes of the PUCO this is justified in order to help Duke recover the cost of their aggressive equipment replacement program. Ok. That's where we stand now. .

Now if you have not already done so click on the thumbnail of the Cincinnati Gas & Electric Bill dated December 1959. I found the bill last week, which is the bill for my current residence, while working on a home remodel project. My best guess is that it has survived these 49 years under the base of the kitchen cabinets.

I did remove the last name of the previous home owner but with that being the only exception the bill is unaltered. From the 3 cent stamp to the computer punch card that it's printed on this bill is definitely a window into another time.  I suggest you take a good long look at that bill, and perhaps enjoy your own memories of that time, because those days are gone.

As it stands now, within a year, every one of us here in Middletown who have a natural gas hookup will be paying a fixed base rate(AKA paying for nothing) of what amounts to 87% of an actual gas bill from the winter of 1959. If you are interested, my combined Gas and Electric bill at the same house, and during the same time last winter was over $350. To briefly mention a few more numbers: The rate of inflation for that same time period (1959-2008) is 627%. The increase in the utility bill itself is approximately 856%.

As you can tell by the computer punch card used to send the bill out, there are obviously a lot of expenses from "equipment replacement programs" that Duke needs to recover. Which only makes me wonder if I could save just perhaps save a fraction of that 229% real increase in the cost of my utilities if I signed up for  computer punch card billing.

Follow this link to the Office of the Ohio Consumer's Counsel for more information and to find out how to make your voice heard on the PUCO approved Duke rate hike.

 

Archived Comments

6/5/2008 9:20:22 AM BC
Does Duke charge a dis-connection and re-connection fee? I could find no mention of it on their website.


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