North Carolina House passes Duke Energy-backed bill to allow multiyear rate hikes bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Photo courtesy of Duke Energy
Duke Energy is pausing all financial contributions to federal office holders and candidates following the violent insurrection at the U.S. Capitol last week. Duke Energy’s political action committee gave almost $600,000 to federal candidates in 2019 and 2020, including $1,000 to current Western North Carolina Republican Congressman Madison Cawthorn.
“We were shocked and dismayed by the events at the Capitol last week. Duke Energy is taking this very seriously and taking a pause on all federal political contributions for 30 days,” said Duke Energy spokesperson Grace Rountree in an email. Other corporations across the country have also paused donations. Blue Cross and Blue Sheild Association has paused all donations to law makers who opposed the electoral college count.
Major NC companies financed GOP for years. Things could change after Capitol riot. Austin Weinstein, The Charlotte Observer
Jan. 13 After years of sending hundreds of thousands of dollars to the campaigns of conservative Republican candidates, some of North Carolina s largest corporations are reconsidering the practice after a mob stormed the U.S. Capitol on Jan. 6, encouraged by President Donald Trump and some of his supporters in Congress.
The storming of the Capitol was apparently a breaking point for many corporations. For years, most of corporate America benefited from the low-tax, low-regulation policies that conservatives pursued.
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