You may have paid your taxes, but nation’s largest utility company Duke Energy doesn’t have to

by Cassady Sharp

April 16, 2013

The Greenpeace thermal airship A.E. Bates flies over activists displaying messages for Duke Energy. Banners on the airship read "Duke: Don't Raise Rates for Dirty Energy" and "Cleaner is Cheaper." The message on the ground reads "We want affordable rates & clean air. Be a leader Duke." The flight calls attention to the largest energy supplier in the United State's plans to continue using coal, nuclear and other forms of dangerous energy at great public cost.

© Jason Miczek / Greenpeace

It's the day after tax day, and while many of us may be cringing at the big checks we just wrote the IRS or celebrating our refunds, Duke Energy isn't paying federal income taxes for the fifth year in a row. After its merger with Progress Energy, North Carolina based Duke Energy is the nation's largest utility company and raked in more than $1 billion in profits last year. Duke is using the deferral process to avoid paying taxes, which should have been $627 million. Instead it actually received a rebate of $46 million. Interesting timing since Duke Energy is also planning customer rate hikes to pay for investments in coal and nuclear energy. When giant utility corporations like Duke Energy rake in mega profits and contribute massively to carbon emissions, the rest of us have to deal with health, economic and social impacts of devastating climate change while also paying our federal and state taxes.

Tell Duke Energy CEO Jim Rogers to start using his billion in profits and tax rebates to invest in clean, renewable energy, and stop poisoning and endangering his state and country with dirty coal and nuclear plants.

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