Duke Energy guaranteed a $10MM loan extended to the Democratic National Convention, and now it’s getting stiffed on it.
Suckers! I’ve got no sympathy for Duke. The company’s CEO, Jim Rogers, was (and is) a big Obama supporter, and Duke Energy made out handsomely in obtaining stimulus money and coal credits after Barry was heaved into the White House. In fact, the ten million is chump change considering the hundreds of millions Duke extracted from the government. Call it a “gratuity” for services rendered (past and, no doubt, future).
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ReplyDeleteDuke is the monopolist power supplier in my neck of the woods. Not nice people.
ReplyDeleteWell, if you see any rate increases in the near future, you'll know what they're for.
ReplyDeleteAnd how is this is distinguishable from a $10,000,000 gift?
ReplyDeleteCris: I'm not sure it's distinguishable at all.
ReplyDeleteSince when do bribes get paid back? Surely Duke Energy not that that naïve...
ReplyDelete