Articles & News Releases

Heat Sends U.S. Nuclear Power Production to 9-Year Low – Bloomberg

July 26, 2012

Nuclear-power production in the U.S. is at the lowest seasonal levels in nine years as drought and heat force reactors from Ohio to Vermont to slow output.

Commission Must Revisit Utility Merger Approval – NC WARN News Release

July 26, 2012

State regulators must reopen evidentiary hearings and require Duke Energy to prove why its already-sullied takeover of Progress Energy should not be revoked. Click here for news release and three legal motions.
Click here to listen to an audio recording of the press conference.

How the utilities panel failed us – Column by Rick Martinez in The News & Observer

July 25, 2012

After listening to the hours of hearings probing the 20-minute tenure of former Progress Energy CEO Bill Johnson at the merged Duke Energy, I can’t escape this conclusion: The new Duke Energy board is much better at protecting its shareholders than the state Utilities Commission is at protecting North Carolina’s ratepayers.

Nukes at the core of Duke-Progress marriage – The Independent Weekly

July 25, 2012

The drama of Bill Johnson’s 20-minute tenure as CEO of the new Duke Energy Corporation has consumed the members of the N.C. Utilities Commission, who are wondering if Duke hoodwinked them into approving its merger-acquisition of Raleigh-based Progress Energy.

Retreating Duke Energy Withdraws Kickback Scheme – News Release from NC WARN

July 24, 2012

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.

Major problems in Duke merger investigation – NC WARN Press Release

July 21, 2012

$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.

Duke Progress merger punts plans for six new reactors – Fuel Cycle Week

July 18, 2012

Uranium producers should not expect initial core orders from post-merger Duke Energy for any of the six 1,150 MW reactors planned by pre-merger Duke and Progress Energy, for at least the next decade—if ever.

NC WARN Calls for Merger Cost Information Including Secret Study – News Release from NC WARN

July 18, 2012

Duke Energy might spend billions in costs not disclosed in merger case; group says all documents must be submitted.

Utility officials expected to hire investigators in Duke Energy review – The News & Observer

July 16, 2012

As the N.C. Utilities Commission’s investigation of Duke Energy enters its second week, the six political appointees who regulate the state’s electric utilities are expected to bring in outside investigators.

Duke merger scandal – Rogers isn’t crazy – Note to Editors from NC WARN

July 16, 2012

If Progress board members are correct that Bill Johnson performed well and with respect toward his employees (per today’s News & Observer story and earlier comments), it fortifies my belief that Crystal River was the main point of dispute that led to his firing.

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