Time Warner Cable Inc. will raise its local cable rates next month.
Under the new plan basic rates will increase to $12 from $11 per month, while standard service will rise to $54.95 from $51.95.
The monthly cost of DigiPic 1000 will grow to $71.95 from $67.75. The company will raise the price of DigiPic 2000 to $89.95 from $85.75, with DigiPic 4000 going to $99.95 from $95.75.
Company spokeswoman Melissa Buscher says more than 60 percent of local subscribers won't face an immediate increase as they have discounted bundle packages or other promotions.
She says the price increases will offset high programming costs and infrastructure investments. Buscher says Time Warner invested $50 million to upgrade local service last year and expand its offerings.
And she says Time Warner Cable is not the only provider increasing rates.
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