Several energy watchdog groups told Eyewitness News a new settlement with Duke Energy will not help customers’ monthly power bills. Details of the settlement between Progress Energy and Duke Energy were released Thursday afternoon. If approved, it will end a months-long battle over their controversial merger.
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Duke Energy to seek new CEO to settle merger investigation – WRAL-TV
Raleigh, N.C. — Duke Energy Corp. and the staff of the North Carolina Utilities Commission have agreed to settle a state investigation into Duke’s ouster of its new chief executive immediately after its acquisition of Progress Energy Inc. The settlement agreement, which will be presented Monday to the commission for its approval, also calls for added savings for electric customers and job commitments in Raleigh, which had been Progress’ headquarters.
NC Regulators Sold-out the Public in Duke Merger Settlement – News Release from NC WARN
Today’s announced settlement between Duke Energy and state regulators is a sell-out of the public that was conducted behind closed doors. As signaled earlier, NC WARN will fight the merger in court – with a very strong legal case – and we’re counting on Attorney General Roy Cooper to also stand up for the public. The utilities regulators sure aren’t protecting the public interest.
Next TVA CEO Bill Johnson hit for prior work – The Chattanooga Times Free Press
NC WARN trolls documents to build legal case against Progress-Duke merger – The News & Observer
Durham advocacy group NC WARN is continuing to press state regulators to undo the merger between Duke Energy and Progress Energy, using some of its strongest language to date to denounce the $32 billion deal. On Tuesday NC WARN told the N.C. Utilities Commission it had discovered an internal document that suggests “criminal misconduct and perjury” on the part of Progress and Duke officials in the weeks leading up to their merger.
Smoking gun in Duke merger scandal found by NC WARN – News Release from NC WARN
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Bill McKibben on Hurricane Sandy and Climate Change: “If There Was Ever a Wake-up Call, This Is It” – Democracy Now!
Much of the East Coast is shut down today as residents prepare for Hurricane Sandy, a massive storm that could impact up to 50 million people from the Carolinas to Boston. The storm has already killed 66 people in the Caribbean, where it battered Haiti and Cuba. “This thing is stitched together from elements natural and unnatural, and it seems poised to cause real havoc,” says Bill McKibben, founder of 350.org.
Solar energy is ready. The U.S. isn’t. – Bloomberg Businessweek
Clean energy has become a dirty word in presidential politics….The candidates’ coolness to renewable energy comes at a time when the domestic supply of traditional energy sources, such as oil and natural gas, is at an all-time high. And yet this failure to make the promise of renewables a keynote in the debate is a huge missed opportunity. In particular, it ignores the dramatic reduction in the cost of photovoltaic solar power worldwide and the considerable benefits to U.S. consumers and the environment.