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07/12/2012 - 13:23

white Coke canThe tempest that followed the “boardroom coup” after Duke Energy’s merger with Progress Energy, in which former Progress CEO Bill Johnson was dismissed in favor of Duke CEO James Rogers, has only worsened since the North Carolina Utilities Commission approved the deal last week.

Rogers testified before the NCUC on Tuesday, after the directors of the newly combined Duke jettisoned Johnson just hours after the regulatory approval, even though both companies asserted beforehand – ever since the expected deal was announced last year – that he would lead the united company, while Rogers moved up to chairman. Utilities commissioners, former Progress directors who approved the merger, and the public were deceived into believing Johnson would oversee day-to-day operations.

07/11/2012 - 13:41

General Motors has announced a 60 day money back guarantee policy for all new Chevy models, including the Chevy Volt. The move sets up a scenario where purchasers can buy a Volt, claim the $7,500 federal tax credit (and most likely state credits) and return the vehicle for a refund within 60 days. Did GM really not consider this glitch, or is this just another way for Government Motors to prop up politically important Volt sales leading up to November elections?

07/09/2012 - 08:09

Just how uninformed does President Obama think that American voters are? Judging from the misrepresentations coming out of the Obama camp regarding the General Motors' bankruptcy process, it would appear that the Administration believes it can get away with rewriting history as the President continues to imply that GM never even went bankrupt. The obviously false implication continues to go unquestioned by mainstream media.

07/09/2012 - 08:04

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.

07/09/2012 - 07:20

solar panelsWe’ve heard this story before.

Much like taxpayer-backed Abound Solar – which just revealed it would declare bankruptcyGeneral Electric announced last week it would suspend construction of a solar panel manufacturing plant in Colorado. The excuse given was that GE plans to focus on research and development to improve the technology and efficiency of the panels it wants to produce.

07/06/2012 - 08:09

Towns photoNLPC Chairman Ken Boehm reacted yesterday to the release of a report detailing how members of Congress and their staffs received discounted mortgage loans from Countrywide Financial. Boehm told the Washington Examiner:

"It certainly doesn't look good when reports come out based on legitimate investigations that show all kinds of special treatment, and not only is there no action, the Ethics Committee doesn't even take it up," said Ken Boehm, chairman of the National Legal and Policy Center. "What part of unethical don't they understand?"

07/05/2012 - 17:50

It looks like General Motors will be throwing everything in but the kitchen sink to help fluff its second quarter earnings numbers. Taxpayers continue to help with the cause as President Obama campaigns on the "success" of GM following the manipulated bankruptcy process that cost taxpayers $50 billion and another $45 billion of tax credits gifted to GM to help protect powerful UAW interests. We now learn that government purchases of GM vehicles rose a whopping 79% in June, year over year.

07/03/2012 - 07:50

armendarizThe suspicions of Oklahoma Sen. James Inhofe were correct: Rather than sitting before the House Energy and Commerce Committee three weeks ago to explain the ways he “crucified” oil and natural gas companies, instead Al Armendariz – who cancelled his appearance at the last minute – met with the Sierra Club for a job interview.

This time the recently resigned EPA’s Region 6 administrator will eagerly attack another fossil fuel, joining the litigious environmental group as part of its “Beyond Coal” campaign. If there was any question that Armendariz unfairly regulated the gas and oil businesses under his authority in Texas, Oklahoma, Louisiana and other neighboring states, the Sierra Club announcement left no doubt.

06/29/2012 - 10:05

Abound logoThe next time a green energy company announces it is intentionally slowing down for a transition phase, or that a technology breakthrough is just around the corner, or that all that’s needed for future success is just a little more taxpayer “investment” – don’t believe it. It's likely a lie.

06/28/2012 - 13:08

SEIU logoThe U.S. Supreme Court once again has put the nation's public-sector unions on notice: Fee-paying nonmember workers under contract can't be forced to subsidize political causes they don't like. Last Thursday, June 21, in its long-awaited decision in Knox et al. v. SEIU, the Court affirmed a longstanding principle. Ruling 7-2 on the merits of the case and 5-4 on the issue of First Amendment rights, the Court concluded that the Sacramento-based Service Employees International Union (SEIU) Local 1000, California's largest public employee union, had deprived "agency shop" workers of the right to opt out of making monetary contributions toward union advocacy.

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