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July 8, 2013

Duke Energy CEO has an idea for big projects: pay-as-you-go construction

  • Supporters say it reduces the cost to consumers because financing costs are lower. Opponents say ratepayers must pay for a plant that may not produce power for years, if ever.
    AP Business Writer

    RALEIGH, N.C. — The new chief executive officer of Duke Energy Corp. wants to change how the utility is regulated in the Carolinas and Florida so that America's largest electric company can more easily pass along the cost of big power plants a little at a time.

    The company's desire to get consumers to start paying for big-dollar projects with price tags that could run into the billions is high on the agenda of Duke Energy CEO Lynn Good, who stepped into the company's top job last week. That's what she told a Wall Street analyst shortly after her hiring was announced about two weeks ago.

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