This would slash purported public savings, thus it bolsters the call for commission to reopen hearings and “do the math”
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NC WARN was right about Duke’s secret deals — Charlotte Business Journal
To win support for its $32 billion merger with Progress Energy, Duke Energy promised lump sum payments of least $1.67 million to municipal utilities and rural electric cooperatives while promising large commercial and industrial customers programs to cut their electricity rates by up to 6 percent.
Statewide Ad Campaign: “What is Duke Energy Hiding?” – NC WARN News Release
NC WARN today announced a statewide advertising campaign satirizing Duke Energy executives while calling for disclosure of billions in costs the nonprofit says the giant utility hid until after last month’s takeover of Progress Energy was approved.
Merger Issue Brief
N.C. utilities panel opens some merger pacts – The Charlotte Observer
The N.C. Utilities Commission ordered Tuesday that some provisions of the 20 confidential settlement agreements filed as part of the Duke Energy-Progress Energy merger be made public.
Motion to Reopen Merger Hearings Remains Unrebutted – News Release from NC WARN
Duke Energy seems to believe it can simply avoid making a substantive argument against NC WARN’s motion to reopen evidentiary hearings based on the utility’s withholding of information in its merger with Progress Energy. Possibly Duke believes the NC Utilities Commission will simply defer to its corporate giant-ness as Florida commissioners did this week in their “welcome Mr. CEO” session with Jim Rogers.
Regulators say Most of Duke’s Merger Secrets Must be Unsealed – News Release by NC WARN
The NC Utilities Commission has ordered Duke Energy to unseal many of the 17 secret deals the utility used to gain large customers’ support for last month’s merger with Progress Energy.
Duke-Progress Merger – A Net Public Soaking? – Issue brief from NC WARN
NC WARN has opposed Duke Energy’s takeover of Progress Energy since it was announced in early 2011 for a variety of reasons. Foremost is that the merger would tend to strengthen Duke’s business model of perpetuating the use of climate-heating fossil fuels and raising customer rates to build unneeded power plants for decades to come.
Duke Energy Formally Dodges Charges it Concealed Billions During Merger Approval Process – News Release from NC WARN
Utility says regulators must delay action on re-opening merger hearings, while still avoiding key questions about billions in planned charges to customers
Compel Duke Energy to Justify Billions in Planned Rate Hikes, Watchdogs Urge Regulators in Merger Case – News Release from NC WARN
Duke claims it doesn’t have to reveal merger costs to the public; NC WARN argues nuclear fleet corrections dwarf public benefits and were key reasons in CEO firing