Don van der Vaart writes for Carolina Journal’s Daily Journal:
Roughly $1.25 billion. That’s how much Duke Energy customers will be overpaying for electricity over the next 10 to 15 years. We can thank North Carolina law — and Gov. Roy Cooper — for the higher bills that come with long-term solar energy contracts Duke has been forced to accept. That’s not only bad for Duke’s customers, it puts the utility at odds with a different state law that obligates Duke to seek the lowest-cost electricity and to maintain the reliability of the electric grid.
Read more here.
