Under cover of a public storm involving a corporate merger scandal that has shaken the largest U.S. power company, Duke Energy last week withdrew a proposed program to refund to a select group of large customers nearly all of last fall’s controversial seven percent rate hike that was levied against all Duke Energy Carolinas customers.
NC WARN News Releases
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Major problems in Duke merger investigation – NC WARN Press Release
$2 billion to be “poured” into nuclear fleet upgrades turns merger into a “public soaking” instead of a “public saving” – which violates the key legal standard of the merger.
NC WARN Calls for Merger Cost Information Including Secret Study – News Release from NC WARN
Duke Energy might spend billions in costs not disclosed in merger case; group says all documents must be submitted.
NC Commission Must Assess Duke CEO Rogers’ Revelations about Merger Costs – NC WARN News Release
Billions in nuclear repairs or retirement would harm Carolinas ratepayers; all this should have been disclosed prior to Commission approval of the merger
NC WARN’s Legal Motion
Investigations into Duke Energy Require an End to Duplicity, Secrecy – News Release from NC WARN
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.
NC WARN Calls for Utilities Commission Hearings on Duke Energy Coup D’Etat – News Release from NC WARN
The recent decision by the new Duke Energy Board of Directors to oust former Progress Energy CEO Bill Johnson from the position as the CEO of the merged company within hours of the merger demands a serious investigation.
This heat wave and climate change – News Release from NC WARN
Three straight days of record highs in much of North Carolina remind us that it’s a little hotter lately. But is it climate change?
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 …
Large Customers Oppose Unsealing Merger Deals – Without Justifying Claims of “Trade Secrets” – News Release from NC WARN
It is quite curious that in arguing against the unsealing of 17 secret deals in the Duke-Progress merger case, large customers and the utilities avoid addressing the very “trade secrets” criteria detailed in the NC Public Records Act.
We KNOW at least one Duke merger secret offers rate breaks – News Release from NC WARN
There’s at least one solid reason that neither Duke-Progress nor the Utility Commission Public Staff has denied a key NC WARN charge when asked by reporters. We KNOW that at least one of the 15-plus deals offers a rate break to selected industrial customers.