Putting shareholders ahead of of ratepayers:
“People are already struggling to pay their bills and utilities want to raise rates yet again,” Cooper in a statement. “We’ll continue to fight these increases that fail to adequately take consumers into account.” He cited an analysis by Moody’s that shows that North Carolinians pay a higher percentage of their household disposable income for electricity than residents of all but six other states. He also questioned whether Duke shareholders should be entitled to a 10.2 return on investment on the backs of consumers, many of whom are still struggling in an uneven economy.
Considering the makeup of the new NCUC, this vocal opposition is critical in not only opposing rate increases, but also making sure the public is aware of the issue.