Boosted by a historic heat wave in Europe and unusually warm conditions across the Arctic and Eurasia, the average temperature of the planet soared to its highest level ever recorded in June.
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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.
If ever completed, a stalled and controversial fracked gas pipeline would cost North Carolinians over $20 billion due to ongoing cost overruns, make energy bills soar and amplify statewide climate impacts, the Energy Justice NC Coalition told Governor Roy Cooper today.
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Late yesterday the NC Utilities Commission effectively denied NC WARN’s November motion calling for an evidence-based hearing over Duke Energy’s hotly contested 15-year plan to limit renewable power, constantly raise power bills and greatly expand its use of climate-wrecking fracked gas.
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.
A watchdog group today filed a lengthy complaint with the NC Ethics Commission outlining what they say is an improper arrangement between Duke Energy and Senate Minority Leader Dan Blue.
Visual Timeline: When Did Dealmaking Begin?
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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.
A report out today from a coalition of 14 community and environmental justice organizations reveals that Duke Energy skewed its political campaign contributions last year in order to gain support from Senate Minority Leader Dan Blue and other lawmakers instrumental in reviewing what is now a highly controversial bill.
Senate Bill 559 is a bait & switch for the rejected $13 billion grid scheme and $10 billion in coal ash costs – further proof that it’s time to end the Duke monopoly.
Every two years, critics blast Duke Energy’s long-term generation plan in North Carolina, decrying it for containing too much coal and gas and too little renewable power. Each time, regulators approve the company’s blueprint with few if any changes.