This would slash purported public savings, thus it bolsters the call for commission to reopen hearings and “do the math”
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NC WARN was right about Duke’s secret deals — Charlotte Business Journal
Statewide Ad Campaign: “What is Duke Energy Hiding?” – NC WARN News Release
Merger Issue Brief
N.C. utilities panel opens some merger pacts – The Charlotte Observer
Motion to Reopen Merger Hearings Remains Unrebutted – News Release from NC WARN
Duke Energy seems to believe it can simply avoid making a substantive argument against NC WARN’s motion to reopen evidentiary hearings based on the utility’s withholding of information in its merger with Progress Energy. Possibly Duke believes the NC Utilities Commission will simply defer to its corporate giant-ness as Florida commissioners did this week in their “welcome Mr. CEO” session with Jim Rogers.
Regulators say Most of Duke’s Merger Secrets Must be Unsealed – News Release by NC WARN
Duke-Progress Merger – A Net Public Soaking? – Issue brief from NC WARN
NC WARN has opposed Duke Energy’s takeover of Progress Energy since it was announced in early 2011 for a variety of reasons. Foremost is that the merger would tend to strengthen Duke’s business model of perpetuating the use of climate-heating fossil fuels and raising customer rates to build unneeded power plants for decades to come.