They aint losing nothing. What we don’t see is the tax credits, the rebates, the kickbacks if you please that will funnel back to them.
Chicago thug politics is alive and well here.
Duke received $200 million in federal stimulus money for smart-grid improvements in 2009, and at least two of the companys power plants one in North Carolina and another in Indiana got hundreds of millions of dollars in advanced coal tax credits from the Department of Energy, as well as federal and local incentives.
This payoff is a drop in the bucket compared to the hundreds of millions that Duke Energy has already received.