Posted on 06/23/2013 7:08:07 AM PDT by EBH
'The company looks forward to a positive and constructive resolution in this rate case," Duke Energy said in a statement.
Duke Energy, the corporate parent of both Duke Energy Carolinas and Duke Energy Progress, has defended its rate-increase requests as allowing it to recover billions of dollars invested in upgrading its ability to generate power and complying with state and federal environmental regulations.
At the courthouse rally, protesters held signs such as "Affordable Energy is a Right" and "Not One More Dime, Duke."
Tony Ndege, a member of Occupy Winston-Salem, told the demonstrators that every resident has a right to inexpensive, environmentally safe energy.
"Our rights stand in the way of their profits," he said.
Kim Porter of Winston-Salem, a member of the N.C. Waste Awareness Reduction Network (WARN), said that North Carolinians will not compromise their health and safety "so Duke can make outrageous profits."
The company will use the money from the rate increase to pay for its new plants that "we don't need and we don't want," Porter said.
(Excerpt) Read more at energybiz.com ...
Germany has let the loons run wild with their energy policy.
I think they are now paying $.33 per KWH and the poor are freezing to death in the winter.
Will it be our future?
Once again, we are following in Europe’s footsteps.
Insanity, isn’t it?
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