Duke Energy CEO Lynn Good recently promised investors they could count on “multiple rate cases” in both of the corporation’s Carolinas service areas beginning next year – to fund seemingly endless construction of fracked gas power plants and clean-up of coal ash. Separately, she promised to boost rates and profits via a $16 billion electric “grid modernization” scheme that an expert for the NC Sustainable Energy Association (NCSEA) testified could, on its own, raise residential rates by up to 50 percent.
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Duke Energy’s proposed side deal at the 11th hour of an already controversial rate case continues drawing opposition from consumer watchdogs, industrial customers, tech giants and environmental groups. It appears the vaguely worded deal could bring an initial rate hike of 26 percent over the first three years – while becoming a perpetual tax on customers.
Today NC WARN filed a motion calling for the NC Utilities Commission to reject a secretive, last minute settlement between Duke Energy and several organizations that would open the floodgates for huge, streamlined rate hikes with no guarantee of benefit to anyone other than corporate stockholders.
See coverage in Greensboro News & Record
Groups say approval of Atlantic Coast Pipeline cheated vulnerable residents out of federal civil rights protections for low-income communities and people of color. Letter to Connie Walker, President and General Manager of WUNC Radio, on the continuing news media failure in covering Duke Energy, fracked gas and accelerating climate urgency.
See coverage in the N&O
See coverage in the Progressive Pulse
See coverage in Inside Climate News
Shameful as it is that the NC Utilities Commission last month ordered customers to pay hundreds of millions for Duke Energy’s coal ash negligence in the Duke-Progress rate case…what’s even more shameful is that the Commission granted Duke a 10 percent mark-up on coal ash in the Progress case and that Duke’s seeking the same for coal ash and the nuclear boondoggle in the Carolinas case.
Support for our CEO challenge grows – including the national Americans Against Fracking alliance of 300 groups. See the letter we sent to Duke CEO Lynn Good today for the full list of organizations that have endorsed our call for her to get on the right side of climate history.
Charlotte-based Duke Energy uses more than $80 million annually to influence government officials, civic leaders, news media and the public – and its monopoly-captive customers are forced to pay the bill.
WRAL: Environmentalists call out Duke Energy over ‘influence spending’
News & Observer: Duke Energy threatens advocacy group with legal action over financial claims
Duke Energy response: Cease and desist demand
As federal regulators stall appeals in order to protect Duke Energy and Dominion Resources, the court must protect low-income and communities of color of eastern NC
Governor Cooper’s approval of fracked gas Atlantic Coast Pipeline could commit energy customers to pay for outdated technology. This decision is a loser for the people of eastern North Carolina, their economy and the urgent fight to slow climate change.