Duke Energy

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.


Read more
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.


Read more
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:

Read more
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. 

Read more
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.

Read more
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.

Read more
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.


Read more
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:

Read more
Local News
9:02 am
Thu January 10, 2013

McCrory Could Re-shape NC Utilities Regulation

Governor Pat McCrory will appoint three utilities commissioners and the state's top advocate for utility consumers in the coming months. His choices would re-shape the regulatory landscape for Duke Energy, where McCrory worked for 28 years.

Governor Pat McCrory has been busy in recent weeks filling his cabinet and top staff positions. And in at least three cases he's appointed former colleagues from his 28 years working at Duke Energy. That's led some to worry McCrory will follow the same pattern when he turns his attention to four impending vacancies at the North Carolina Utilities Commission, which is Duke Energy's primary regulator in the state. WFAE's Julie Rose takes a look now at this regulatory body McCrory has the opportunity to radically reshape.

CORRECTION APPENDED

Read more
Local News
9:11 am
Thu December 20, 2012

Greensboro Strikes Back Over Duke's Tree Trimming

Duke Energy has more than 90,000 miles of overhead power lines across the Carolinas, which makes for a lot of tree-trimming to keep the lines clear – and a lot of complaints about that trimming. In Greensboro, the typical frustration is shaping into a legal battle between Duke and the city.

"Vegetation management" is the technical term for it, but residents of several old neighborhoods near downtown Greensboro use other words.

"Duke Power came in and just clear-cut the area," said Jay James at a Tuesday night meeting of the Greensboro City Council.

Read more

Pages