Tag: Duke Energy
FirstEnergy scandal is latest example of utility corruption, deceit
Utilities have deceived public officials and investors to grow profits, occasionally leading to criminal investigations and prosecution.
North Carolina utilities not reconnecting customers during COVID-19 pandemic
Thousands remain without electricity, gas, or water during crisis
Duke Energy Climate Report charts fossil fuel-laden path to net-zero, lagging behind peers
Key Points: Duke Energy released a new climate report describing potential pathways to achieve net-zero carbon emissions by 2050. Its main scenario relies heavily on fossil gas expansion, offsets, and...
Utility CEOs received over $1 billion in executive compensation from 2017 – 2019
Investor-owned utilities' CEO compensation was up 26% in 2019 over 2018.
Caught in patchwork of policies and pledges, some utility customers may still be awaiting electricity restoration or racking up fees
A mosaic of state policies and voluntary pledges has meant that the effects of missing a utility payment are playing out unevenly across the country.
Energy companies in U.S. Chamber silent as Chamber opposed use of Defense Production Act to produce medical supplies for COVID-19
But some energy companies in the Chamber have lobbied for using the DPA to bail out struggling coal plants instead
Morgan Stanley: Duke, other utilities ignoring profit opportunity by failing to decarbonize rapidly
Morgan Stanley analysts say utilities can grow earnings by accelerating coal-to-renewables switch, but some utilities are letting the opportunity slip away.
Duke Energy refuses to consider climate-related risk in North Carolina rate case
Utility enters testimony that contradicts emissions commitments, dodges questions about climate preparedness while seeking to recover grid costs.
Financial analysts expect decarbonization will benefit utility ratepayers and shareholders
Replacing coal with renewable energy could save customers $8 billion each year
Strings Attached: How utilities use charitable giving to influence politics and increase investor profits
Click to jump to the utility case studies. I. Introduction In the fall of 2017, a parade of paid actors, pretending to be concerned residents, lined up to offer public...