Duke Energy: political funds now out of rate hike

  • Posted: Monday, July 8, 2013 4:25 p.m.

RALEIGH (AP) — Duke Energy says the country’s largest electric company mistakenly tried to pass on to customers more than $326,000 in political contributions to a clean-energy advocacy group and Republican Party organizations.

The president of Duke Energy’s North Carolina operations told the North Carolina Utilities Commission on Monday the company made an accounting error. Paul Newton says the company has now subtracted the political contributions as it seeks permission to raise electricity costs for North Carolina consumers by more than $200 million a year.

The contributions went to the Republican Governors Association, the North Carolina and South Carolina Republican parties, and the group Strategies for the Global Environment.

The company is seeking its third rate increase since 2009 for customers of Duke Energy Carolinas, which serves much of western North Carolina.

Notice about comments:

Salisburypost.com is pleased to offer readers the ability to comment on stories. We expect our readers to engage in lively, yet civil discourse. Salisburypost.com cannot promise that readers will not occasionally find offensive or inaccurate comments posted in the comments area. Responsibility for the statements posted lies with the person submitting the comment, not Salisburypost.com. If you find a comment that is objectionable, please click "report abuse" and we will review it for possible removal. Please be reminded, however, that in accordance with our Terms of Use and federal law, we are under no obligation to remove any third party comments posted on our website. Full terms and conditions can be read here.

Do not post the following:

  • Potentially libelous statements or damaging innuendo.
  • Obscene, explicit, or racist language.
  • Personal attacks, insults or threats.
  • The use of another person's real name to disguise your identity.
  • Comments unrelated to the story.