Tag: Duke Energy

Jim Rogers Warns that Duke Energy Could Exit NC

November 15, 2012 at 1:05 pmCategory:Uncategorized

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Duke Energy CEO Jim Rogers delivered a threat to Charlotte and state officials this week about the future of the company’s headquarters in NC. Rogers was discussing implications of the outcome of the NC Utilities Commission’s (NCUC) investigation into the morass surrounding the merger. According to the News and Observer, Rogers was speaking at a conference out of state. He noted that if the merger inquiry findings are not favorable to the company, Duke may choose to relocate out of state. A Duke spokesperson quickly emphasized that this was not a threat to leave NC, but it sure sounded like one. Read More…

McCrory’s Energy “To Do” List – for the People or Big Business?

November 9, 2012 at 2:24 pmCategory:Uncategorized

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Governor-elect Pat McCrory will make significant decisions on energy issues, especially in year one of his term. These choices will shape our energy future and have a direct impact on North Carolinians and our environment. But given McCrory’s 29 years at Duke Energy, will he show predilection for the energy industry or will he ensure full deliberation and consider what’s good for all of us? Read More…

Memo to Duke: We want a “hold harmless” promise too

August 27, 2012 at 10:39 amCategory:Uncategorized

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It seems that everyone’s getting numb to the disturbing stories coming out of the Duke-Progress merger, but this one ought to register something on the outrage meter.

According to AP and the Winston-Salem Journal, Duke Energy has agreed to hold some of its big wholesale customers “harmless” for any costs that they may incur as a result of the merger. Read More…

A Cleaner Future for Duke Energy?

July 25, 2012 at 10:15 amCategory:Uncategorized

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While the debate rages on about the Duke-Progress merger and the NC Legislature becomes more determined to create a dirty energy policy for our state, another course is being charted – one that does not involve fracking, offshore drilling, coal-fired power plants or more nuclear power.

© Greenpeace, David Sorcher, 2012

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NC gets a little taste of the modern robber baron economy

July 6, 2012 at 9:55 amCategory:Uncategorized

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There are at least a couple of thoughts that occur this morning in wake of the latest news about Duke Energy’s acquisition of (sorry, merger with) Progress Energy (née CP&L):

#1 – While some in the mainstream news media (and the Utilities Commission Public Staff) seem surprised that former progress chief Bill Johnson (right) has now been muscled out of the way and given a platinum parachute by the big Monopoly game winner Jim Rogers (left), my first reaction was: How could you not see this coming? Fat cat, empire-building CEO’s like Rogers are not about sharing power; they’re about winning it and grabbing more. The bottom line here is that Rogers came to this game with more weapons and almost certainly always intended to emerge “victorious.” All the public talk about cooperation and merger were almost certainly p.r. bull.

#2- And as for Johnson, Read More…