Some cojones on display from Duke Energy, which wants a 17 percent hike in residential electric rates for North Carolina. This would be the same Duke that Indiana regulatory officials all but called liars back in May, a criminally under-reported claim in Duke’s hometown.
But more broadly, walk me through the economic model for Charlotte again. We pay sky-high airfares for the honor of hosting US Airways, we pay sky-high taxes for the honor of doing whatever the hell it is that Bank of Wachovia wants done, and now we are to pay sky-high utility rates to Duke for the honor of — what exactly? Hosting the DNC? Watching Duke give buyouts to the engineers who built the company?
For those making between $50,000 and $125K, unless you are single, haunt Whisky River to drink Bud Light, and ride the McCrory Line weekly, it is a losing proposition to live in Mecklenburg County.
