Duke Energy Reports 1.077 Billion in Profits in Quarter Two

RALEIGH, N.C. – Today, the North Carolina League of Conservation Voters released the following statement from Dan Crawford, senior director of government affairs: 

“While North Carolinians are choosing between putting food on the table and keeping the lights on, Duke Energy just announced their profits for quarter two: $1.077 billion in profits, versus $971 million in profits during the same period last year. This is what happens when Republican lawmakers and the NC Utilities Commission (NCUC) fail to adequately regulate a greedy, out-of-control monopoly: stockholders get rich, while we pay the price. Thousands of folks across the state are calling on lawmakers and the NCUC to rein in Duke’s greed and protect ratepayers. If they fail, voters will hold lawmakers accountable at the ballot box this fall.”

“We continue to support the efforts of Governor Josh Stein and Attorney General Jeff Jackson to lower Duke Energy’s unreasonable rate hike requests. We need more leaders like these putting people over profits.”

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