Sunday 3 December 2017

Sunday News: From the Editorial pages

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CONSUMERS SHOULDN'T PAY FOR DUKE ENERGY'S COAL ASH BUNGLES: As a regulated monopoly, Duke Energy has an obligation to produce reliable, affordable and safe power while still being guaranteed a reasonable profit for the company and its shareholders. It is up to the state Utilities Commission to determine that balance. When the company fails to meet one of the three obligations it has to its customers, it isn’t the fault of the ratepayers, nor should it be their responsibility to pay. The Utilities Commission shouldn’t reward Duke for the failure to do its job, nor should its ratepayers, who have no other choice for electric service, be forced to subsidize that failure. No matter what the rate increase the Utilities Commission may approve, it should not include costs of dealing with Duke’s coal ash mistake.
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