Duke Energy just got done poormouthing about how much money it lost in Cincinnati's September blackout that it wouldn't repair in time - and winning a rate hike from rubber-stamp so-called regulators.
Now - to the surprise of no one - it turns out that Duke ain't exactly hurting for money. Its fourth-quarter profits skyrocketed 36% compared to the same time the previous year. The utility giant made $331,000,000 in last year's fourth quarter.
That money could have restored power in how many neighborhoods how many days sooner?
(Source: http://www.wcpo.com/news/state/story/duke-energy-cold-demand-profit-up/9jNWxPn5_EKKw9IQf_qXqw.cspx)
Thursday, February 5, 2009
Power company's profits soar
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Probably none. As the Obama regime is going to find out, simply throwing money at a problem won't fix it.
ReplyDeleteWhen ScheffBoyarDee says "Probably none", the real answer is "Probably all".
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