Duke Energy Soaks Shareholders to Pay...

Duke Energy Soaks Shareholders to Pay for DNC

Posted in the Columbus Forum

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Since: Oct 12

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#1 Mar 2, 2013

Duke Energy soaks shareholders to pay for Democratic National Convention

by John Hayward

The Democrat style of madcap tax-and-spend waste and fraud is nicely captured by the sad aftermath of this year’s big political convention, as reported by the Charlotte Observer:

Duke Energy won’t be repaid the $10 million line of credit it guaranteed for Charlotte to host last year’s Democratic National Convention, the company confirmed Thursday.

As the credit line came due, Duke made official what it had signaled to shareholders in an earnings report last November. Because Duke can claim the money as a business expense for tax purposes, shareholders will foot $6 million of the cost....

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