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.
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The move was a blow to clean energy groups and more than a dozen Democratic state legislators who wanted more public meetings and an expert witness hearing over Duke’s plan, which calls for deriving 8% of electricity from renewable sources while building a raft of new fossil gas plants and keeping many of its coal plants running past 2033.
Letter to the Editor by Jim Warren. Duke Energy’s Senate Bill 559 is indeed a Trojan Horse (oped June 1). The bill – which could be worth tens of billions for Duke – is as lousy as the deceptive process pushing it forward.
Key provisions to extend the period of time between utility company rate cases are embedded within N.C. Senate Bill 559, being debated at the N.C. General Assembly. Similar provisions hurt Virginia customers, and will hurt North Carolina customers, too.
By John Downey NC WARN has filed an ethics complaint against Sen. Dan Blue, D-Wake, contending there is a conflict of interest between his sponsorship of legislation about utility regulation and his law firm’s work for the Atlantic Coast Pipeline. The complaint, filed Wednesday morning with the N.C. Ethics Commission, raises …
A climate change group known for taking on Duke Energy filed an ethics complaint against Senate Minority Leader Dan Blue on Wednesday, suggesting that his support of key legislation for the company is tied to work his family law firm does for the Duke’s planned natural gas pipeline.
[NC WARN] says Blue, a Wake County Democrat and the Senate minority leader, has a glaring conflict of interest. He is the lead sponsor of legislation, Senate Bill 559, that would change the state’s utility commission’s rate-setting structure even as Blue’s law firm — which includes his two sons — is representing a holding company tied to Duke Energy in eminent domain cases related to the Atlantic Coast Pipeline.
A clean-energy advocacy group wants an investigation into whether a longtime North Carolina legislator violated ethics laws by pushing legislation sought by Duke Energy Corp. while his law firm did legal work for a gas pipeline project.
The top Democrat in the North Carolina Senate is facing accusations that Duke Energy is paying him as he helps advance the utility company’s legislative agenda.
Duke Energy is the largest investor-owned electric utility in the U.S. But a new report by Environmental Working Group reveals another distinction: Its puny investments in renewable energy, schemes to penalize customers who want to go solar, and environmental record make Duke public energy enemy No. 1.