A group of protesters rallied outside the Executive Mansion in Raleigh Wednesday to demand stricter regulations on Duke Energy. The protesters demanded that Gov. Pat McCrory “come clean on the coal ash spill and his own personal financial ties to Duke Energy.”
NC WARN is calling on Duke Energy CEO Lynn Good to explain major discrepancies between official regulatory filings and what corporate executives are telling Wall Street about projected electricity demand. The correct information could lead to either $25 billion in new power plants and continuing rate increases across the Carolinas – or none at all.
As Duke Energy continues its six-year PR campaign touting CEO Jim Rogers’ concerns about climate change and North Carolina’s economic health, long-range plans filed this month with state regulators contradict his professions. The plans reflect serial rate hikes to pay for an aggressive expansion of generating plants, and high carbon emissions for the next two decades.
Duke Energy has a hefty surplus of generation capacity; it should promptly retire at least one newer coal-burning plant and stop trying to build nuclear reactors.
NC WARN News Release
Too Much Baseload Legal Brief
Last fall, as costs and accidents were mounting at Duke Energy Corp.’s massive power plant in Edwardsport, the project’s engineering contractor warned that Duke was taking “significant risks” with the way it was managing the $2.9 billion construction project.
Arguments for new nuclear, coal plants ignore years of flat growth, rising rates, and a restructured economic future
The NC Court of Appeals has dismissed an appeal by Duke Energy in an important case involving electricity rates and the future of new power plants.
As a state that depends heavily on coal-fired power, North Carolina currently dumps more climate-disrupting carbon dioxide pollution into the environment from burning fossil fuels than 186 nations.
A new assessment of coal’s health effects from Physicians for Social Responsibility – excellent article by Facing South – Inst. for Southern Studies
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