Duke Energy and Piedmont Natural Gas will have to wait until September to find out if their $4.9 billion merger will go through…a coalition of consumer and environmental groups led by NC WARN is asking the commission to not approve the deal. Read more and see video here.
Methane, Fracked Gas & Climate
Methane (the main component in natural gas) is 100 times as bad for the climate as carbon dioxide over the short term. Less CO2 is emitted by natural gas than by coal when burned. But significant leakage of methane before burning makes gas a disaster for the climate, as revealed even more by recent science. Yet utilities and the gas industry are still feverishly promoting fracked gas.
NC WARN is working hard to connect the dots between climate change, methane leakage and the fracking boom that is driven by demand from the electric power industry.
Learn more about our methane work here.
Watch a 3-minute video by Cornell University’s Dr. Robert Howarth describing why natural gas is a disastrous strategy for the climate. More videos, PowerPoints and documentation here.
“Everything You Need to Know About Methane”, a primer by Earthjustice.
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N.C. regulators could rule on $4.9B Duke-Piedmont deal as soon as October — Charlotte Business Journal
N.C. regulators wrapped up a day-and-a-half evidentiary hearing on Duke Energy’s $4.9 billion purchase of Piedmont Natural Gas Tuesday afternoon… NC WARN Executive Director Jim Warren says a June decision by Commission Chairman Ed Finley barring testimony from NC WARN witnesses about the potential for significantly higher gas prices and significantly smaller natural gas reserves from fracking unnecessarily truncated the hearing.
Duke & Piedmont Execs Argue For Merger, Opponents Protest — WFAE
State regulators wrapped up a two-day public hearing in Raleigh Tuesday afternoon on the proposed merger of Duke Energy and Piedmont Natural Gas. The two-day hearing included testimony from company leaders and a protest by merger opponents. Read more and listen to audio.
Backroom Dealing in Duke Energy-PNG Merger — WCHL
Commentary by Jim Warren. State regulators have cut another backroom deal with Duke Energy – in the $6 billion merger with Piedmont Natural Gas.
Duke’s climate-damaging future — News & Observer
Letter to the Editor from Dr. Harvard Ayers of The Climate Times. We believe that Duke Energy’s attempts to ignore our concerns have been the epitome of an anti-democratic power play to deny the public the right to object to a monopoly business that is clearly putting corporate profit ahead of customer well- being.
Protesters oppose Duke Energy-Piedmont Natural Gas merger — Charlotte Observer
The chief executives of Duke Energy and Piedmont Natural Gas defended their merger Monday under questioning by advocates who hope to derail it. An attorney for NC WARN, a Durham nonprofit, and two other advocacy groups questioned the CEOs on risks to customers of the electric and gas utilities at a hearing before the N.C. Utilities Commission. Read more and watch 1-minute video.
Duke Energy, Piedmont Natural Gas CEOs to testify on acquisition — Charlotte Observer
The chief executives of Duke Energy and Piedmont Natural Gas will testify as the N.C. Utilities Commission opens a hearing Monday on Duke’s $4.9 billion acquisition of its Charlotte neighbor. Attorneys for environmental advocates will be allowed to cross-examine Duke CEO Lynn Good and Piedmont’s Thomas Skains.
Group Seeks Ban of Backroom Deals by Duke Energy, Regulators — News Release from NC WARN
Today NC WARN filed a petition with the NC Utilities Commission that seeks to end the longstanding pattern of Duke Energy and the regulators deciding billion-dollar cases behind closed doors. Specifically, we’re calling for an open discussion – with all interested parties – on a rules change that would create a fair and transparent process for settling those cases.
The Charlotte Observer reported on our petition July 18, 2016:
Duke Energy, Piedmont Natural Gas CEOs to testify on acquisition
Enormous Stakes — The News & Observer
Letter to the Editor by Jim Warren. We’re asking the NC Court of Appeals to require an open, careful debate over Duke’s project. If Duke Energy is so uncertain about its case for the plant, its shareholders should bear any risks of proceeding with construction. And we’ll continue speaking out when state officials favor Duke Energy instead of the public interest.
NC WARN, Climate Times told to put up $98M bond to appeal Duke power plant permit — The News & Observer
NC WARN, based in Durham, and Climate Times, based in Boone, planned to challenge the permit in court. The two groups say that natural gas, largely derived from fracking – an energy industry technique used to extract oil and gas from rock by injecting high-pressure mixtures of water, sand or gravel and chemicals – results in methane leaks that release more greenhouse gas into the atmosphere than burning coal does.