Duke Energy

Charlotte Observer
9:57 am
Wed May 29, 2013

NC Files Second Ash Suit Against Duke Energy

Coal ash is shown in settling ponds at Duke Energy's Riverbend power plant on Mountain Island Lake.
Credit Jeff Willhelm / 2008 Observer File Photo

North Carolina has filed a second lawsuit against Duke Energy in a move that puts the state’s claim that coal ash poses a threat to Charlotte’s water supply before a Mecklenburg County court.

Last week the N.C. Division of Water Quality amended an existing complaint, about ash stored at Duke Energy Progress’ Asheville power plant, to include the Riverbend plant near Charlotte.

On Friday, the division filed a separate lawsuit in Mecklenburg County Superior Court solely about Riverbend, which is operated by Duke Energy Carolinas.

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Local News
9:06 am
Fri May 24, 2013

Lawsuit Against Duke Ash Ponds Is A Reversal For State

Riverbend Steam Station
Credit Duke Energy

A recently shuttered coal plant sits on the Catawba River in Gaston County, and state environmental officials say it’s seeping heavy metals precariously close to Charlotte’s water supply. This week, the N.C. Division of Water Quality added that coal plant to a lawsuit against Duke Energy—the plant’s owner. The state has had evidence of violations for two years, but declined to act until recently.


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Local News
7:24 pm
Thu May 2, 2013

Clean Energy Advocates Inundate Duke Energy Annual Meeting

Protesters begin to set up outside Duke Energy headquarters before the annual shareholder meeting.
Credit Ben Bradford / WFAE

Duke Energy hosted its annual shareholder meeting in Uptown Thursday, one day before the company releases its first quarter earnings report. CEO Jim Rogers pronounced the company healthy and profitable, but the meeting was also a rare opportunity to berate the CEO.


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Local News
4:36 pm
Fri April 12, 2013

Court Orders Regulators To Reconsider Duke Rate Hike

NC Attorney General Roy Cooper challenged Duke Energy's 2012 rate hike and won.

The North Carolina Supreme Court has ordered state utility regulators to go back and reconsider the rate hike it granted Duke Energy last year.  Specifically, the court says North Carolina Utilities Commissioners failed to consider how the increase would affect customers in the midst of an economic downturn.


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Local News
4:49 pm
Wed February 13, 2013

Duke's 2012 Earnings Bolstered By Higher Rates

Duke Energy reported earnings of $3.07 per share for 2012, compared to $3.83 in 2011. The number would have been far lower without a 7-percent rate increase in the Carolinas.
Credit Duke Energy/Flickr

Duke Energy reported modest earnings for 2012 of about $3 per share – but the number would have been much lower if Duke hadn't raised electric rates in the Carolinas by 7 percent last year. WFAE's Julie Rose reports on this classic case of conflicting interests – where pain for ratepayers means profit for investors:

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Local News
4:19 pm
Tue February 5, 2013

Duke To Permanently Shutter Troubled Nuclear Plant In Florida

Duke Energy says it will shut down the Crystal River Nuclear Plant in Florida, rather than spend billions repairing it.
Credit Duke-energy.com

Duke Energy says it will close down a troubled nuclear plant in Florida – called Crystal River – rather than try to repair it at a cost of billions.  Making that decision has preoccupied Duke and its investors ever since the company merged with Progress Energy and inherited the Florida plant.  

"From the beginning of the merged company, the resolution of the nuclear plant issue has been among the company's top priorities, if not the company's top priority," says Duke Energy spokesman Mike Hughes. 

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Local News
3:08 pm
Mon February 4, 2013

Duke Energy Seeks 11.8% Rate Hike For Residential Customers

Duke Energy's Cliffside Steam Station located on the Rutherford/Cleveland County line in North Carolina.
Credit www.duke-energy.com

Duke Energy wants to raise rates again on its North Carolina customers – this time by nearly 12 percent for residential users.  WFAE's Julie Rose reports on the company's latest request to state regulators.

We knew this rate hike request was coming, but we didn't know how large it would be. Last time around, Duke asked to raise residential rates by 17 percent but settled for just over 7 percent when it finally took effect a year ago.  Now Duke Energy is proposing another 11.8 percent increase for residential customers.

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Debt
5:14 pm
Fri February 1, 2013

DNC Host Committee Still $10 Million Short

The Charlotte host committee is still $10 million short of its fundraising goal for the convention and has had to tap a line of credit guaranteed by Duke Energy.

A new report shows the committee made little progress – barely a drop in the bucket -- with only half-a-dozen contributions in the past few months. So Duke Energy may just have to foot the bill after all.

Two years ago, DNC organizers were confident they wouldn't need to use Duke Energy's $10 million line of credit.

Here's the host committee's interim director Will Miller at the time.

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Local News
2:31 pm
Fri February 1, 2013

Duke Energy Closing Two Coal Plants Ahead Of Schedule

Buck Steam Station in Rowan County is a coal-fired power plant that Duke Energy is closing in April.
Duke Energy

Duke Energy is shutting down two coal-fired power plants this spring. The plants are in Rowan and Gaston counties, and they're closing two years ahead of schedule.

The plants are really old, barely used and kind of dirty. The one in Rowan County is called Buck Steam Station and began burning coal in 1926. Three years later, Riverbend Steam Station in Gaston County powered up.

Now neither of them operates more than 80 days a year, and they wouldn't meet new environmental standards in 2015 without major changes.

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Business
5:09 am
Thu January 24, 2013

Duke Duking It Out With Small Florida County Over Taxes

The tax value of Duke/Progress Energy's Crystal River nuclear plant in Florida is one point of contention between the company and Citrus County officials.
Credit Duke-energy.com

A small county on the Florida Gulf Coast is in a budget crisis because its largest taxpayer is refusing to pay up. Progress Energy Florida – which is now owned by Duke Energy – operates a coal and nuclear power plant complex that accounts for one-quarter of Citrus County's property tax revenues. But Duke Energy only paid half its tax bill last year and this week warned it'll do the same in 2013. WFAE's Julie Rose explains:

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