Comments :: Progress Energy tries to bolster case for rate increase

Progress Energy tries to bolster case for rate increase

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101 Comments

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I Think some of the higher ups in that company need to take a pay cut. They paid too much for what they do.

TTDD
March 19, 2013 4:43 p.m.

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Oh to be a fly on the wall during a board meeting. I'm sure there are deep concerns and discussions about proper management and ethical practices.

In reality though, they can never be laughing hard enough knowing that they essentially own the whole shooting match. Here comes the new Enron.

davidgnews
March 19, 2013 12:55 p.m.

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We had to pay all those executive bonuses, pay all that Progress Energy severance pay, give 25 million to the Democratic National Convention in Charlotte, NC not to mention printing up all that new stationary/business cards/logos on vehicles due to the merger/name changes. Yes, your not using more electricity and our power plants are paid for, but the conversion from coal to gas/wind/solar cost money and we don't want to pay for it. That's what Duke the talking dog said!

jdupree
March 19, 2013 12:33 p.m.

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why yall blaming duke power? you'd be better served blaming the politicans [called board members] on the NC UTILITIES COMMISSION. theyre the ones who keep selling the citizens of nc down the drain.

wildpig777
March 19, 2013 11:19 a.m.

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"So the rates for corporations will go down while the residential rates will go up? Yep, that sounds about right. I guess when you have the Governor in your back pocket anything goes!" ~ hiddentreasurescruecds

Didn't read through all the comments, but glad I'm not the only one that has a problem with this. Eventually, the people are going to get tired of having it handed to them while large corporations continue to get all the breaks.

kornfan2448
March 19, 2013 10:06 a.m.

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So the rates for corporations will go down while the residential rates will go up? Yep, that sounds about right. I guess when you have the Governor in your back pocket anything goes!

hiddentreasurescruecds
March 19, 2013 9:25 a.m.

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Everyone seems to have forgotten that Duke Energy just spent $466 million dollars to purchase a hydroelectric generating system in Chile rather than use that money to do the upgrades and new plants here in North Carolina that are estimated to cost over $400 million and are its primary reason for the rate increase.

spiritseeker
March 19, 2013 9:24 a.m.

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It figures

Mom120
March 19, 2013 9:22 a.m.

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So instead of using some of the profits to keep up their equipment, which is needed in order to sell their product, they want their customers to pay, so the shareholder continue to reap more off the stock. On top of that, they're playing to the GOP (corp. puppets), that they'll drop the rate on "some large" companies (who can most likely afford it and already has rate fiquired in to profit), and pass it on to those less likely to afford it. So I'm sure they'll get their rate increase. All the phone calls, Email etc, can't stop this.