We appreciate that both the NC Utilities Commission and NC Attorney General Cooper have opened separate investigations into Duke Energy’s takeover of Progress Energy. It is critical that both investigations allow full and open scrutiny of all questions about winners and losers – in particular, who Duke intends to charge for several multi-billion dollar power plant fiascos and for the $44 million parachute former Progress CEO Bill Johnson glides away with.
Broken Crystal River nuclear plant is Duke Energy’s problem now – The Tampa Bay Times
Duke officials aren’t saying what happened or why Johnson, so central to a merger 18 months in the planning, was hastily cast aside. But critics quickly connected the dots. They pointed to Progress Energy’s broken Crystal River nuclear plant and suggestions that Duke was unhappy to learn too late the extent of its troubles.
Utilities Commission investigating Duke Progress merger – NBC 17
NC WARN Calls for Utilities Commission Hearings on Duke Energy Coup D’Etat – News Release from NC WARN
Duke Energy merger creates largest U.S. utility – The New York Times
This heat wave and climate change – News Release from NC WARN
Duke-Progress Merger Signals Challenges to Economy, Environment and Democracy – NC WARN Press Release
Statement by NC WARN DirectorJim Warren: Creation of the nation’s largest electric utility will require enhanced vigilance and action by public advocates to protect our economy, our environment and our democracy from a giant corporation well-known for its use of political muscle to pursue profits and expansion. This merger will …