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Duke Energy won´t be
repaid $10 million from DNC

Charlotte Observer [NC], by Bruce Henderson

Original Article

Posted By:Fiesta del sol, 3/1/2013 9:09:46 AM

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. The DNC host committee struggled to raise money under fundraising rules set by the White House that banned corporate cash contributions.

      


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Reply 1 - Posted by: Whamdbambam, 3/1/2013 9:14:07 AM     (No. 9202385)

Money laundering and bribery, pure and simple. Why aren´t these people being charged?

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Reply 2 - Posted by: LudicrousSextus, 3/1/2013 9:23:50 AM     (No. 9202403)

One wonders if this is connected in any way to the slew of rate increases Duke has levied on it´s customers since the Holy One assumed dictatorship..?

And must say, when I read the line - "White House banned corporate cash contributions...", I had to double-check the byline and be sure this didn´t come from the Onion.

Obama tipped his hand to his BS when he ´changed his mind´ on staying w/in the ´publicly funded race´ concept in favor of turning into a one man slush-fund vacuum machine.

At least when Obama´s name was still Barry Sotero - his initials accurately reflected his agenda.

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Reply 3 - Posted by: vafreedom, 3/1/2013 9:36:54 AM     (No. 9202435)

Just more Democrat hypocrisy. If they couldn´t accept corporate donations, then how do they NOT pay back the Duke money. In essence, that is now a donation. Typical Democrat Bravo Sierra. Anything to get elected.

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Reply 4 - Posted by: jimK1, 3/1/2013 9:42:39 AM     (No. 9202444)

I´m glad I got rid of my Duke stock a while back. Someone should go to jail for this. Zippy would be a good start.

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Reply 5 - Posted by: Really?, 3/1/2013 9:59:30 AM     (No. 9202485)

The DNC should absolutely have to pay it. Why would any company do what Duke did ? There will be people who dump the stock JUST because they read this.

I also do NOT see how this would be anything other than a Campaign financial violation.

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Reply 6 - Posted by: Muncsdad, 3/1/2013 10:05:52 AM     (No. 9202499)

The DNC didn´t raise the money even AFTER they quietly changed the rules and began taking any corporate cash they could get their grubby hands on.

Most of the business community has been appalled by the attacks on them by this horrible administration and sat on their hands.

Duke´s CEO is a buffoon who should be fired, then prosecuted. As a Duke customer, I am outraged that my light bill went to paying for the destruction of my country.

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Reply 7 - Posted by: Kingbubo, 3/1/2013 10:20:37 AM     (No. 9202531)

An organization filled with lawyers, I knew the DNC would find a way around the rules. Can shareholders file suit agaist the CEO?

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Reply 8 - Posted by: thatsomewhereplace, 3/1/2013 10:26:34 AM     (No. 9202545)

"How could they..." donate to dems? Duke Energy is an oil company. With 0bama´s track record regarding energy "How could they (Duke) do that?" Just asking. Fie on them. they probably make wind turbines and solar panels. Or maybe harvest seaweed.

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Reply 9 - Posted by: Bloviate, 3/1/2013 10:26:56 AM     (No. 9202547)

The shareholders need to bring a class action suit against Duke and the DNC and than fire the CEO of Duke!
You would think by now that anyone who is dealing with a DemoRAT or the DNC whould ask for the money up front before doing business with them.

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Reply 10 - Posted by: MattMusson, 3/1/2013 10:39:31 AM     (No. 9202591)

A Brilliant move by Duke Energy.

Not everybody can figure out a way to make Bribes that are Tax Deductible!

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Reply 11 - Posted by: Eheu Fugaces, 3/1/2013 10:59:38 AM     (No. 9202650)

A campaign contribution by any other name would smell as sweet.

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Reply 12 - Posted by: OdinsAcolyte, 3/1/2013 11:03:23 AM     (No. 9202663)

No energy company had any business supporting the communist policies of Democrats and I do not believe for one minute any energy company with a sapient CEO could every support Obama. This is an outright lie from day one and I wonder what Duke Energy really does.

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B-G1


 
Reply 13 - Posted by: jkcinsalem, 3/1/2013 11:44:28 AM     (No. 9202757)

Chump change for Bunny.

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Reply 14 - Posted by: jerseyden, 3/1/2013 11:45:07 AM     (No. 9202759)

I hope all energy companies keep this in mind when the 2016 election season rolls around.

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Reply 15 - Posted by: stablemoney, 3/1/2013 12:49:06 PM     (No. 9202959)

Obama can raise that one trip to Hollywood.

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