On Thursday, Duke Energy Florida (formerly Progress Energy) announced that the company would pull the plug on its future Levy Co. nuclear plant. And the money the company has been collecting from customers for years — and will continue to collect until 2018 — will go toward Duke Energy’s expenses and profits.
Video: NC WARN Executive Director Jim Warren explains Gov. Pat McCrory’s obvious conflict of interest in making Utilities Commission appointments and how, with Senate Bill 10, the deck could be getting stacked in Duke Energy’s favor.
In February, Governor Pat McCrory filled out a 2012 statement of economic interest that shows he has a meaningful financial stake in Duke Energy worth at least $10,000. The form did not require him to be more specific.
NC Warn, an energy watchdog group, told Eyewitness News that Gov. Pat McCrory should have no involvement regulating Duke Energy.
Following a Facing South report that found North Carolina Gov. Pat McCrory (R) holds significant amounts of Duke Energy stock, a watchdog group sent him a letter asking him to disclose its exact value — and reiterated its call that he therefore recuse himself from appointing anyone to the state Utilities Commission.
NC WARN sent this letter to Governor Pat McCrory today after learning from his Statement of Economic Interest that he owns stock in Duke Energy.
See his latest SEI filing.
See our previous letters to Governor McCrory:
January 4, 2013 (with AARP NC)
February 11, 2013
This is a critical moment for North Carolina’s energy future, as a packed public hearing held in Raleigh this week showed — and there are growing concerns that the politician who might get to make key decisions about it has significant conflicts of interest.
Today NC WARN sent a second letter to Governor McCrory, following up on the letter we and AARP NC sent on January 4. We are calling on him to oppose Senate Bill 10 and to recuse himself from appointments to the NC Utilities Commission.
Governor Pat McCrory has been busy in recent weeks filling his cabinet and top staff positions. And in at least three cases he’s appointed former colleagues from his 28 years working at Duke Energy. That’s led some to worry McCrory will follow the same pattern when he turns his attention to four impending vacancies at the North Carolina Utilities Commission, which is Duke Energy’s primary regulator in the state.
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