Duke Energy Wants to Have Its Cake and Eat It, Too. And They Want to Have Your Cake and Eat It Too, Too

Sorry about that coal ash spill thingy. You folks don't mind paying for it now, do you?

This news item has my head spinning. In a move that goes way beyond having unmitigated gall, Duke Energy, whose spill of between 50,000 and 82,000 tons of coal ash fouled North Carolina’s Dan River last month, now says that the power company’s customers should pick up the bill to clean up the company’s dozens of coal ash storage sites.

            Lynn Good, Duke Energy’s CEO, told the Charlotte Observer that since rate payers had enjoyed the electricity the company provided for generations they are the ones who should pay for the cleanup of the byproduct of producing that electricity.

            OK, so I sell you a guitar. Years later, due to my bad business practices, I incur debts. I then tell you that since you bought a guitar and benefited from my bad business practices, you should pay my bills. That is exactly what Duke is trying to do here. They want to have their cake and eat it, too. And they want to have your cake and eat it too, too.

Hat tip to my friend Amy for this story.