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".

2 comments:

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

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  2. 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!

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