Submitted by Guest1948 (not verified) on Tue, 10/16/2012 - 1:45pm.
One of the commitments Progress Energy made when they were trying to merge with Duke Power was there would be no rate increases. I had a feeling that wouldn't be the case. Now that the deal is done I suspect we're going to see more and more rate increases. Someone has to pay for Duke Power's $14 million golden parachute to the former CEO of Progress Energy who only spent a couple of weeks on the job. Once again, the public got shafted.
One of the commitments
One of the commitments Progress Energy made when they were trying to merge with Duke Power was there would be no rate increases. I had a feeling that wouldn't be the case. Now that the deal is done I suspect we're going to see more and more rate increases. Someone has to pay for Duke Power's $14 million golden parachute to the former CEO of Progress Energy who only spent a couple of weeks on the job. Once again, the public got shafted.