Met Ed & PECO Rate Caps To Expire 12/31/10

Metropolitan Edison‘s (Met-Ed) electricity rate cap is set to expire on 12/31/10 (for Pennsylvania customers.)  Rates are expected to rise 10%.  Consumers will be offered the choice to stay with Met-Ed or switch to another electricity supplier which could save them money.

Allentown based PPL raised their rates by one-third after their rate cap expired 12/30/09.

PECO Energy aka Exelon’s rate cap is also set to expire 12/31/10.  You can expect to see a 7% increase in your electric bill if you stay with PECO after the rate cap ends.

This link should give you information on the rates for all state-licensed electric suppliers: www.papowerswitch.com

Harrisburg Area Home Sales Down 30% From Last Year

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Not a good sign that the recession is going to be over any time soon!  Sales of homes in the Harrisburg area and mid-state Pennsylvania were down a whopping 30% for the third quarter of 2010, compaired to the third quarter of 2009.

It is now taking an average of 103 days to sell a home.  Some people have reduced their homes to less than they paid for them and they are STILL not selling!

Fears about the economy and job security are keeping people from making major purchases.  This is TOTALLY a buyers market!

Keim Street Bridge CLOSED

Due to a failure of a similar bridge in Western PA, the PADOT consultant bridge inspection team inspected Keim Street Bridge, in Pottstown today to determine the extent of deterioration of the bridge. The inspection found unsafe conditions. At this time to preserve safety, the PADOT inspector strongly recommend closing the bridge to all traffic effective 10/13/2010 until further notice. A detour will be installed directing traffic to the closed crossing (Hanover Street).