State ethics investigators are moving forward on a complaint by NC WARN alleging an improper relationship between Duke Energy and Senate Minority Leader Dan Blue. The 2019 complaint says Blue was lead promoter of hotly contested – and ultimately failed – legislation sought by Duke Energy while his family law firm was suing 32 landowners to make way for the proposed Atlantic Coast fracked gas Pipeline.
SB 559
Senate Bill 559 as originally written could have allowed electric monopolies to gouge customers for billions in bogus charges and get a single regulatory approval for five-year blocks of annual rate increases – all with even less public and regulatory oversight than exists under the current system. Every stakeholder group opposed the bill – business big and small, consumer, clean energy and environmental justice groups. Only Duke and its political cronies promoted it, and the bill was ultimately stripped of the harmful annual rate hike provisions.
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Major Victory vs Duke Rip-off Bill
NC WARN and many diverse allies gained a major win yesterday with the defeat – after seven intense months – of Duke Energy’s $23 billion ‘ratepayer rip-off bill’ (SB 559). This is a major blow against Duke Energy’s dirty business model including its massive expansion of climate-wrecking fracked gas.
Thanks to all the NC WARN members and allies for keeping the pressure on the legislature. Linked here is a statement by Appalachian Voices on behalf of the Energy Justice NC Coalition.
Regulators Propose to Stop Making Customers Pay for Duke Energy Influence Spending — News Release from NC WARN
Senators on joint committee reviewing controversial utility bill get top dollar from Duke Energy — News Release from EJNC
The state Senate vote yesterday on Duke Energy’s highly controversial “alternative ratemaking” bill and subsequent appointments to a conference committee clearly show the utility company’s undue influence over the legislative and public policy process, says the Energy Justice for North Carolina (EJNC) coalition.
The controversial bill on Duke Energy rates, explained: How does it affect customers? — News & Observer
Senate Bill 559, approved by the Senate, is awaiting approval in the state House, where it is sitting in committee. The bill, which Duke Energy heavily lobbied for, consists of two parts — the first related to storm recovery funding and the second, more controversial part related to expanding rate-setting options.
Energy Justice coalition launches interactive web tool revealing “pay-to-play” ties between Duke Energy and lawmakers — News Release From EJNC
The Energy Justice North Carolina Coalition released a report today detailing the influence of Duke Energy’s campaign contributions on state legislators’ support for Duke-sponsored bills together with a new, interactive web tool that tracks political contributions from electric monopolies like Duke.
Duke-backed bill will raise utility rates for all — News & Observer
Duke is making a lot of noise in its attempt to divert attention from the massive cost exposure potential related to the alternative rate mechanism proposal by focusing attention on the securitization section of SB559. Parkdale’s opposition is with Duke’s proposed multi-year ratemaking and return-on-equity banding, which will result in enormous rate hikes on all North Carolinians and businesses.