Tuesday, February 21, 2012

A $10 Million 'Contingent Liability' for Duke Power Shareholders

Duke Power is publicly traded, and has just assumed a $10 million contingent liability.

...Duke Energy is subsidizing the Democratic National Convention by guaranteeing a $10 million line of credit for the convention.

...Duke has lobbied for and stands to profit from the sort of cap-and-trade policies President Obama supports, as well as other Obama green-energy subsidies. Specifically, Duke has pocketed $230 million in taxpayer money from Obama's stimulus, according to the Washigton Free Beacon's Andrew Stiles.

We await the Left-o-Wacky noise about "corporate contributions to politicians".


neomom said...

Its only bad if the corporations donate to conservatives and Republicans, silly....

Anonymous said...

Ah, that's chump change to the Koch boys, who put Duke up to this. It's all part of the larger Koch political strategy - bankroll some other chump to deal with the media and advance your warped ideology....all without even leaving your fingerprints on the greenbacks!

Sheer genius.

Banana republic, here we come!