Issues

New Duke CFO outlines priorities, Charlotte Observer

{August 6, 2013}

Longtime Duke Energy executive Steve Young, named Tuesday as the utility’s chief financial officer, says he will continue to focus on hitting earnings targets, growing Duke’s dividend and buffing its balance sheet and credit ratings… Good has said Duke would like to move to a pay-as-you-go model for new power plants and other infrastructure, whose costs in most cases are now billed to customers only once they’re in service.

How Duke fleeced Florida customers for $1.5 billion, WTSP News 10 (Tampa)

{August 2, 2013}

On Thursday, Duke Energy Florida (formerly Progress Energy) announced that the company would pull the plug on its future Levy Co. nuclear plant. And the money the company has been collecting from customers for years — and will continue to collect until 2018 — will go toward Duke Energy’s expenses and profits. (Article and video)

Thank you, Tallahassee, for making us pay so much for nothing, Tampa Bay Times

{August 1, 2013}

Hey, elected clowns! Thanks for passing a law forcing Duke Energy customers to pay up to $1.5 billion in higher rates for a long proposed nuclear power plant in Levy County that will not be built… This borders on fraud. If our elected officials had not rubber-stamped it into law seven years ago, it probably would be.

NC’s AG Cooper to appeal Progress Energy rate hike, Associated Press

{May 31, 2013}

North Carolina’s Attorney General Roy Cooper said Friday he would challenge an electricity rate increase taking effect Saturday that will cost the average home an extra $88 a year. The rate increase will cost consumers an extra $326 million over the next two years. The greatest increase will fall on residential customers, who will see a 6.5 percent average increase this year while some large customers see rates increase by 2.7 percent. “This order puts utility profits ahead of people,” Cooper said in a statement. “It talks about how much consumers are hurting but sticks them with higher rates anyway.”

NC Attorney General to fight Progress rate increase in court, The News & Observer

{May 31, 2013}

State Attorney General Roy Cooper said Friday he will ask the N.C. Supreme Court to block a 7.5 percent rate increase that North Carolina regulators approved a day earlier for Duke Energy Progress. Cooper is challenging the N.C. Utilities Commission’s approval of a Progress rate increase, issued late Thursday in a 120-page order. The AG said the commissioners failed to consider the economic effect of the rate increase on Progress customers.

Groups to ramp up fight against Duke Energy rate hikes, WSOC-TV

{May 30, 2013}

Some consumer advocacy groups are ramping up their fight against Duke Energy’s proposed rate hike. On Thursday night, groups including AARP, Consumers Against Rate Hikes and Greenpeace gathered in the North Davidson area to talk about strategy and planning. The groups want to prepare people to speak at a public hearing on June 26 held by the North Carolina Utilities Commission, which will decide the rate request. Their goal is to get 500 people at the meeting, which is at the Mecklenburg County Courthouse at 6 p.m.

North Carolina Utilities Commission approves rate increase for Duke Energy Progress’ North Carolina customers, PR Newswire

{May 30, 2013}

The North Carolina Utilities Commission (NCUC) today approved Duke Energy Progress’ proposed settlement in the company’s request to increase electric rates for its North Carolina customers. “We are pleased the N.C. Utilities Commission has approved our settlement in this case. We believe that the settlement reflects a balance between the needs of our company and those of our customers,” said Paul Newton , Duke Energy state president – North Carolina.

Public speaks out against Duke rate increase at hearing, The Macon County News

{May 23, 2013}

On Tuesday, the public had its chance to voice any opposition they had towards Duke Energy and their proposed rate hikes. Duke Energy has proposed a 9.7 percent increase in its electric rates. The North Carolina Utilities Commission is holding hearings across the state to allow the public to have their say. Franklin was the site of one of these hearings — the only one west of Asheville — and people filled the courtroom designated for the hearing at the Macon County Court House Tuesday night.

Public, officials debate Duke Energy rate hike, McDowell News

{May 23, 2013}

Marion Mayor Steve Little said he wanted to voice his “strongest possible objection” to the rate hike. “A request for an increase of the size that we see is unconscionable,” said Little. “It is simply not reasonable. It is not fair. We are not one of the big guys. We are not rich but we get hammered.”

Duke Energy Rate Hike Webinars – May 13th and 15th

{May 9, 2013}

May 13, 1-2 p.m.: Information on Duke Rate Hikes
May 15, 6:30-7:30 p.m.: How to Tell a Compelling Story at the hearings

CARH Testimony at Duke Energy Shareholder Meeting

{May 9, 2013}

These two powerful statements — by Satana Deberry of the N.C. Housing Coalition and Patrick Cobb of AARP South Carolina — were offered as testimony at the May 2, 2013 Duke Energy shareholder meeting in Charlotte, NC.

Advocates to Duke Energy: No Rate Hikes for Dirty Fuels

{May 2, 2013}

Ratepayers and concerned North and South Carolinians gathered outside Duke Energy’s annual shareholder meeting for a teach-in to highlight community concerns. Duke Energy seeks to raise electricity prices to pay for extending the use of obsolete and dirty power plants that threaten the health of people, the environment, and the economy.

Action at Duke Shareholder Meeting on May 2

{April 29, 2013}

The shocking burden of $800 light bills, News & Observer

{March 30, 2013}

Op-Ed by Gene Nichol, director of the Center on Poverty, Work and Opportunity at the UNC School of Law
The poorest citizens in the poorest communities in North Carolina often pay the highest rates for electricity. They are required, in the process, to subsidize the services of others much wealthier than themselves. They also, in some instances, are taxed by municipalities in which they can neither vote nor run for office. The burden of crushing electricity prices thwarts economic development in much of Eastern North Carolina, the state’s poorest region…

Rep. Leo Daughtry, a veteran Republican legislator from Smithfield, has tried repeatedly to curb the wounds the N.C. Eastern Municipal Power Agency inflicts on Eastern North Carolina. “I could tell you story after story of businesses closing down and people having to leave Smithfield because of it,” he says. “Towns can’t prosper because no one wants to pay those bills.”

New Statewide Poll Shows Strong Support for Cleaner, Cheaper Energy

{February 28, 2013}

In a new statewide poll of over 600 North Carolina consumers, respondents expressed both a strong desire for the North Carolina Utilities Commission to help low-income residents as well as their support for cleaner and cheaper energy alternatives to those being proposed by Duke Energy and Progress Energy.

News Release: Diverse Coalition Calls for Rejection of Duke and Progress Energy Carolinas Business Plans

{February 28, 2013}

Of concern to members of the coalition is the continued high reliance on the burning of fossil fuels and plans to build new nuclear plants whose price tag will run between $20 and $24 billion.

Groups Urge NC Utility Commission to Protect Public Interest when Weighing Duke Energy’s Long-term Operating Plans

{February 8, 2013}

A broad range of consumer, energy, environmental and religious advocates gathered at the entrance to the Public Utilities Commission today to urge members to act in the best interests of residential, municipal and small business ratepayers when they review the Integrated Resource Plan of Duke Energy, North Carolina’s largest electric utility provider.

Duke Energy to file for another rate increase, ABC 11

{January 8, 2013}

Risks to Ratepayers – Synapse Energy Economics study on impacts of Annual Rate Hike Bill in NC

{December 19, 2012}

Synapse Energy Economics, Inc., in a study commissioned by CARH, rejected Duke’s key talking point that an Annual Rate Hike Bill would somehow save customers money by charging them as the plant is being built.

Consumer Alliance Warns of a Doubling of Electricity Rates under Duke Energy’s Business Plan

{December 18, 2012}

A new study by energy economists warns that North Carolina customers will see power bills skyrocket if legislators allow Duke Energy Progress to begin raising rates to pay for new nuclear reactors that would open in 2024 at best. The consumer alliance that fought off such legislation over the past two years said today that Duke’s business plan to build unneeded power plants could almost double rates by 2019 with another 50% increase over the following decade, severely impacting the state’s economy.

Progress Energy Rate Hikes: Impact on Customers and Local Government Budgets

{November 29, 2012}

Progress Energy’s plan for serial rate hikes will further burden residential customers, small businesses and local governments.

A Guarantee for More Dirty Energy: “Construction Work in Progress” Laws

{November 8, 2012}

An overview presentation on CWIP laws by NC WARN attorney, John Runkle.

Funding new power plants: Should consumers or investors pay, AARP Nov. 2012 Bulletin

{November 2, 2012}

AARP North Carolina is concerned that the General Assembly will follow the lead of states that allow utilities to more easily pass on power plant construction costs to customers.

Progress Rate Hike to Further Burden Residential, Small Business and Municipalities

{October 12, 2012}

Raleigh, NC. Progress Energy Carolinas customers have seen their monthly electricity bills steadily increase over time as the utility increased rates by 25% due to fuel adjustment charges. Now residential customers are being asked to shoulder an additional 14.2% for a base rate increase (with a smaller increase for commercial and industrial customers). This is …read more

Good News: No Annual Rate Hike Bill in the 2012 Legislative Session

{July 9, 2012}

Consumers Against Rate Hikes claims victory and thanks legislators as the 2012 legislative session closes without an Annual Rate Hikes Bill that would raise rates for electricity customers every year to build expensive, unnecessary power plants.