A nonprofit working for climate protection through clean, efficient, affordable energy

The Money Link

Our Wounded Democracy

One thread running through all our work is the anti-democratic activity of energy corporations. Duke Energy consistently uses deceptive public relations – and millions of ratepayer dollars – to distort the debate over important decisions. We must face this “inconvenient truth” in order to make the shift to clean, safe energy. Below are a few reflections of the influence that has, in the words of Dr. Jim Hansen, wounded our democracy.

Particularly egregious are the Construction Work in Progress) laws (CWIP) that allow utilities to charge customers in advance for building expensive new plants that aren’t even needed — even if those plants never go online. It goes by many names: CWIP = Advanced Cost Recovery = Advance Fee (in Florida) = Annual Rate Hike Bill (in NC) = customers get screwed (no matter where you live).

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How Duke fleeced Florida customers for $1.5 billion — WTSP News 10 (Tampa)

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.

Duke Energy Devouring NC: Who’s Really Governing the State?

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.

Is NC Governor a Duke Energy Millionaire? – News Release from NC WARN

Ad campaign presses Pat McCrory to come clean about Duke holdings – and step away from appointing regulators who will judge the need for billions in new power plants

Does Governor McCrory have conflict of interest? – ABC 11

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.

Watchdog group concerned over McCrory regulating Duke Energy – WSOC Charlotte

NC Warn, an energy watchdog group, told Eyewitness News that Gov. Pat McCrory should have no involvement regulating Duke Energy.

Watchdog asks Gov. McCrory to disclose value of Duke Energy stock holdings – Facing South

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.

Is Governor still profiting from Duke Energy as he plans to replace its regulators?

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

Will Gov. McCrory help his friend Duke Energy capture the N.C. Utility Commission? — Facing South

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.

Senate Bill 10 and the N.C. Utilities Commission

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.

McCrory Could Re-shape NC Utilities Regulation – WFAE

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.

Money doesn't talk, it swears - Bob Dylan
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