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The Governor from Duke Energy?

Posted By Rob Schofield On February 13, 2013 @ 1:39 pm In Uncategorized | Comments Disabled

Pat McCrory 2 [1]Duke Energy [2]Back in the mid-to-late 20th Century, a powerful U.S. Senator from the state of Washington with a talent for winning defense contracts for his home state was famoulsy known by the moniker “the senator from Boeing [3].”

Today in North Carolina, it looks more and more as if the appropriate nickname for Pat McCrory may well be “the Governor from Duke Energy.” As Sue Sturgis reports in a new article at Facing South entitled “Will Gov. McCrory help his friend Duke Energy capture the N.C. Utility Commission?” [3] the web of connections between Guv and his longtime employer is thick and tangled and getting more troubling all the time.

“In addition to having received generous campaign contributions from Duke Energy (the company, its political action committee, employees, and their families donated over $240,000 to McCrory’s 2008 and 2012 gubernatorial campaigns and to the state Republican Party since he became the party’s nominee, according to a recent report [4] by the liberal advocacy group Progress NC), McCrory worked for the company for 28 years, starting out digging ditches and eventually making his way to a position as senior adviser with Duke’s Business and Economic Development Group before retiring in 2007 to run for governor….

But the governor’s financial ties to the utility giant are not merely historic: Though he’s no longer employed by Duke Energy, McCrory continues to hold a significant financial stake in the company. His latest statement of economic interest [5] filed with the N.C. Ethics Commission and posted to the Indyweek.com website [6] discloses that he holds stock in Duke valued at a minimum of $10,000. North Carolina ethics rules do not require reporting the exact value of the investment.”

Click here to read the entire article. [3]

Bob Geary also has an excellent article on the future of Duke and the Utilities Commission (“Under McCrory’s thumb” [7]) in the latest edition of Indy Week .

 


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URL to article: http://pulse.ncpolicywatch.org/2013/02/13/the-governor-from-duke-energy/

URLs in this post:

[1] Image: http://pulse.ncpolicywatch.org/wp-content/uploads/2013/02/Pat-McCrory-2.jpg

[2] Image: http://pulse.ncpolicywatch.org/wp-content/uploads/2013/02/Duke-Energy.jpg

[3] the senator from Boeing: http://www.southernstudies.org/2013/02/will-gov-mccrory-help-his-friend-duke-energy-capture-the-nc-utility-commission.html

[4] recent report: http://paytoplaypat.progressnc.org/wp-content/uploads/sites/3/2013/02/price_of_power_final_small.pdf

[5] statement of economic interest: http://www.indyweek.com/pdf/020613/McCroryPat2012SEI.pdf

[6] posted to the Indyweek.com website: http://www.indyweek.com/indyweek/public-documents-show-the-financial-ties-of-gov-mccrorys-cabinet/Content?oid=3268417

[7] “Under McCrory’s thumb”: http://www.indyweek.com/indyweek/gov-mccrory-a-former-duke-energy-employee-holds-the-keys-to-the-utilities-commission/Content?oid=3290828

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