Duke Energy

Jim Rogers's Power Grab Underscores Politicization of Duke Energy

Jim Rogers and windmill photoAfter a lengthy process that overcame a demanding review at the North Carolina Utilities Commission and two rejections by the Federal Energy Regulatory Commission, Duke Energy won approval to merge with the Tar Heel State’s other major investor-owned utility, Progress Energy.

Then Duke’s board immediately pulled a fast one and fired the man they said all along would be the joint entity’s CEO, Bill Johnson, who would have continued from the same role he had with Progress. Instead leading the new combined company will be Duke’s current CEO, James Rogers. Throughout the merger approval process everyone understood he would abdicate that role to Johnson while remaining as company chairman.

Al Gore & Duke Energy: Marriage Made in Regulation Hell

Rogers photoThe North Carolina fuel cell project in which former Vice President Al Gore has a conflict of interest as a director of Apple, Inc., illustrates how crony socialism and state mandates to utilize so-called “Green” energy converge to benefit wealthy corporatists at the expense of regular citizens.

Yesterday NLPC reported that Apple’s plans to build a costly fuel cell electricity generation facility adjacent to its new data center in Maiden, N.C., was a conflict for Gore, because plans show Apple has enlisted Bloom Energy to build the project.

Green Tech Doesn't Need Taxpayer 'Investment'

Google logoPresident Obama said in his State of the Union speech last month that he would not “walk away from the promise of clean energy,” and according to a Politico report, he “doubled-down” on the promise by highlighting (more) commitments to federal grants and incentives for wind energy, solar power and natural gas vehicles in quasi-campaign speeches out West.

Democratic National Committee Taps Crony Corporations

Obama InvescoAs Democrats struggle to raise funds to coronate President Obama as nominee in Charlotte, N.C. this September, the role of two crony corporations increases daily.

Bloomberg reported yesterday that the president’s re-election organization will consider moving his acceptance speech at the Democrat National Convention to Bank of America Stadium.

Facebook Caves to Greenpeace After Pressure Campaign

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Greenpeace, which has campaigned against technology companies for nearly two years over their coal-burning electricity use at “cloud computing” data centers, has convinced one – Facebook – to promise to use renewable energy at facilities they build in the future.

Indiana Official Indicted After Improper Duke Energy Interactions

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The former head of the Indiana Utility Regulatory Commission, who was fired in October 2010 by Gov. Mitch Daniels for improper contact with top officials at troubled Duke Energy, has been indicted.

Duke Energy Caves In to Pressure Groups’ Demands

Rogers photoIn yet another ploy to overcome opposition to their merger, Duke Energy and Progress Energy agreed with environmental groups last week to a few million more dollars in payoffs for “clean” energy schemes, and to implement energy efficiency programs that would reduce customers’ electricity use by seven percent of retail sales by 2018.

The deal has been planned for months, and when approved by state and federal regulators, will create the largest investor-owned electric utility in the nation. Combined the companies serve residents and businesses in Florida, the Carolinas, Kentucky, Ohio and Indiana.

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