A year ago, the state Supreme Court struck down a rate increase that the state Utilities Commission awarded to Duke Energy Corp. and ordered the panel to reconsider the increase in light of its impact on consumers. Now, Cooper is appealing the same increase to the high court, arguing that the Utilities Commission ignored the ruling.
“The court has already ruled once that consumers must be taken into account when setting utility profits but it still hasn’t happened,” Cooper said in a statement. “Even when given a second chance to get it right, the commission didn’t really consider consumers and approved the exact same rate hike.”
And as long as we allow this flawed formula to continue, where a rule-making commission is tasked with being concerned about profits for wealthy shareholders, many of whom do not even live in North Carolina, the unfairness will be ever-present. Any other private industry would need to dip into profits or borrow to make infrastructure improvements, which would force them to calculate the true need and ROI for such, and Duke Energy should be no different.
Submitted by Jake Gellar-Goad on Mon, 03/25/2013 - 3:58pm
You may recall a recent blog entry I wrote called Ever wondered what an organizer does? It's not a job title that comes with as much immediate understanding as say doctor, lawyer, cop, or teacher so I wanted to share a little bit about what it is like. In so doing I discussed two issue-campaigns going on at that time. I didn't want to leave folks hanging on how those turned out, so I've swung back around to share what happened with those, and what's ahead.
That the utilities commission picked this out-of-the-way location as the site of the regional energy rate hike hearing made me wonder whether they expected much of a turnout. And why should they? After all, some of the preceding rate hike hearings hadn’t garnered that much public interest. To make matters worse, a major storm was rolling through the day of the hearing that put many of North Carolina’s counties under various severe weather watches and warnings.
Submitted by Jake Gellar-Goad on Fri, 01/25/2013 - 7:25pm
You’re not alone. Growing up, none of the adults in my life were organizers. In college, no one majors in “organizing.” I sometimes still struggle myself to explain to relatives at Thanksgiving or friends over coffee what I do for a living as “Eastern NC Organizer.” And yet organizing is an incredibly important part of building grassroots power in our democracy. My hope is that through contributions to this blog I can share glimpses into the world of organizing and the issues facing Democracy North Carolina and our state. I’ll start by sharing about my past few days on the job!
Though I've been blogging on Blue NC for years, this was my first go at blogging on the job. I hope you'll click over to see the rest, give it a read, and leave a comment if you like what you see!
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