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.
Earlier this week, we reported that McCrory’s latest Statement of Economic Interest (SEI) filed with the N.C. Ethics Commission discloses that he holds stock in Duke Energy with a value of at least $10,000. State ethics rules do not require reporting the exact value of investments.
McCrory’s holdings heighten concerns about his potential conflicts of interest regarding Duke Energy. Senate Bill 10, now advancing through the Republican supermajority-controlled state legislature, would clear out all members of a number of key regulatory bodies, including the N.C. Utilities Commission (NCUC), whose new members would be appointed by the governor.