So far, the GOP-controlled state legislature has sided with Wall Street shareholders of the Duke Energy power monopoly and utterly failed to protect ratepayers from Duke’s mammoth coal ash clean up costs.
GRAHAM, NC – As the North Carolina Utilities Commission will tonight hold a hearing at the Alamance Co. Historic Courthouse at 7pm in Graham to take public comments on yet another electricity rate hike request by Duke Energy, hard questions should focus back to state lawmakers who have failed repeatedly to protect North Carolina rate-payers from a “coal ash rate hike.”
Duke Energy is asking the NC Utilities Commission to approve another electricity rate hike which would add another $9 / month to the average residential power bill, or just under $100 / year. 28% of Duke’s rate hike request would go to pay for early stages of Duke’s mammoth coal ash clean up. Total costs to remove all Duke Energy coal ash from its waste lagoons could add up to $10 BILLION over time. Duke’s current rate hike request would raise only $123.6 MILLION for coal ash clean up. Duke will surely ask the NCUC for more “coal ash rate hikes” in years to come.
Duke hopes to saddle ratepayers with coal ash clean-up costs as:
- Duke Energy has already admitted in federal court to its own negligence in handling coal ash in North Carolina. Duke pled guilty to NINE criminal violations of the Clean Water Act and paid a $102 MILLION fine.
- Duke Energy posted over $2.7 BILLION in profits for its Wall Street shareholders in 2018, but paid ZERO in federal income taxes.
- This as Duke Energy paid it’s CEO almost $14 MILLION IN 2018. This was 119 times more than the average employee at Duke Energy. In 2017, Duke’s CEO was THE HIGHEST PAID UTILITY CEO IN THE NATION,
Of course, Duke Energy would not have been able to even ask for a coal ash rate hike if the GOP-controlled state legislature had passed any of a number of bills that would have banned power utilities from charging customers for the cost of coal ash clean up. But GOP lawmakers blocked a ban on a coal ash rate hikes every time.
“Duke Energy’s coal ash rate hike request is proof of a state legislature that has prioritized Wall Street corporations over North Carolina’s working families,” said Gerrick Brenner, Exec. Director of Progress North Carolina Action. “Lawmakers had a chance to block the power monopoly from passing pollution clean up costs onto average citizens, but the politicians sided with corporate shareholders over average rate-payers. There is still time for lawmakers to correct this mistake. They should return to Raleigh to pass legislation to prevent a coal ash rate hike. Otherwise, what is to keep Duke Energy from proposing coal ash rate hikes again and again until rate-payers are saddled with most or all of the gargantuan $10 billion coal ash clean up cost?”
Clean water and ratepayer advocates will hold a press conference outside the Alamance Co. Historic Courthouse at 6:15pm TONIGHT (Weds., Jan. 29th) before the 7pm public hearing.
The NCUC will hold more public hearings on this Duke Energy Carolina’s rate case on Thursday, Jan. 30th at 7pm in Charlotte and on Monday, March 23rd at 2pm in Raleigh. A rate hike decision from appointed members of the NCUC will come some time thereafter.