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.
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:
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.
Another Progress Energy executive is out at Duke Energy in the latest personnel shuffle of the merged companies. A Duke Energy spokesman says changes required in a settlement with North Carolina utility regulators sparked a "domino effect."
Seven top executives are shifting titles and roles in what resembles a game of musical chairs.
