Duke Energy announced a proposal that would increase residential rates by 14 percent per bill.
The Charlotte Observerwrites:
Duke said it needs the $446 million in new revenue to pay for $3.8 billion in capital spending since its 2011 rate case, including two new power plants and upgrades to its nuclear power plants and transmission network.
Read the Observer‘s story here.
This article appears in Feb 6-12, 2013.
When will people in this state say enough is enough? This corporate pig makes no effort to cut costs and spends like there is no tomorrow. Their compensation for their officers is higher than ever, their pension plans are plush and comfy, they fund every event that pops into North Carolina and yet they want the consumer to carry the tab. Enough people, demand from your legislators that they stop this pig from getting a bigger trough.
If you want “Clean Energy” you better be prepared to pay for it.
Closing and cleaning up coal fired plants and building new cleaner plants (all at the requirement of Liberal Federal Regulations) will cost Billion$. As with EVERY business expense (like taxes, wages, benefits) it gets passed onto the customer.