Betty Buller Whitehead: Duke Energy math

March 15, 2014 

Regarding the projected $1 billion cleanup price tag to remove coal ash from waste lagoons in North Carolina: Customers of Duke Energy should all be made aware, as CEO Lynn Good (former CFO of Duke) knows, Duke Energy currently pays its shareholders a dividend of $3.12 yearly or $0.78 quarterly. Duke Energy currently has 706.5 million shares outstanding. Do the math.

Of course, Good has a financial incentive to pass the cost of the cleanup along to customers as her compensation includes not only an annual salary of $1.2 million but eligibility for cash bonuses and stock grants.

It’s long past time for Duke Energy to not only do the right thing but pay for it, too.

Betty Buller Whitehead

Chapel Hill

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