As North Carolina families face skyrocketing energy bills, here is a reminder that DC insider and Big Oil and utility company lobbyist Michael Whatley supports policies that are driving up energy costs while spiking his Duke Energy stock and benefitting his bottom line.
SILENT ON DUKE ENERGY RATE HIKES: As Duke Energy reports a “higher than expected” Q2 profit and threatens to keep hiking rates, longtime Duke Energy lobbyist and shareholder Michael Whatley is reaping the rewards of their massive profit while repeatedly refusing to take a stand on their proposed rate hikes that would boost his investments even more.
Axios Raleigh: “The Whatley campaign did not give a stance to Axios on the Duke Energy rate proposal.”
SUPPORTS POLICIES THAT DRIVE UP ENERGY BILLS: DC insider Whatley called the OBBBA – which includes policies that “raise electricity costs” – a “huge win,” said he would have voted for it “in a heartbeat” and actively pressured members of his party to vote for it.
CNBC: “Electricity prices are expected to surge higher throughout the next decade due to energy policy changes in President Donald Trump’s “big beautiful” bill, according to a new analysis from Energy Innovation, a non-partisan energy and climate think tank.”
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