Activists oppose Duke Energy sale to SC co-ops
The North Carolina Waste Awareness & Reduction Network filed its objection with the state Utilities Commission. The group said Charlotte-based Duke Energy would sell electricity resulting either from energy efficiency programs or construction of new power plants financed by ratepayers.
Company spokeswoman Paige Sheehan said it needs to modernize power plants and prepare for growing demand.
Duke Energy announced it would supply the electrical cooperatives just days after South Carolina's state-owned utility dropped plans for a $1.25 billion coal-fired power in August. The co-ops were served by Santee Cooper.
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Hydro One bends to government demands, caps CEO pay at $1.5M
TORONTO - Hydro One has agreed to cap the annual compensation of its chief executive at $1.5 million, the provincial utility said Friday, acquiescing to the demands of the Progressive Conservative government.
The CEO's base salary will be set at $500,000 per year, while short-term and long-term incentives are limited to $1 million. Performance targets under the pay plan will include the CEO's contributions to reductions in transmission and distribution costs.
The framework represents a notable political victory for Premier Doug Ford, who campaigned on a promise to reduce the annual earnings of Hydro One's board members.
In February, the province issued a…
