Duke Power Company - Mother Child Vignette - Company Under Investigation

Duke Power Company - Mother Child Vignette - Company Under Investigation

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Duke Power Company - Mother Child Vignette - Company Under Investigation
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Beautifully engraved Certificate from the Duke Power Company issued from 1971 - 1975. This historic document was printed by the American Banknote Company and has an ornate border around it with a vignette of an allegorical woman and child. This This item has the printed signatures of the company's officers and is over 31 years old. July 13, 2002 As California reeled toward blackouts early last year, Duke Energy Corp. raised its wholesale power prices, some nearly sixfold in just weeks. On the first day of blackouts, Duke sought to sell the state power for $1,170 per megawatt hour, according to documents The Charlotte Observer analyzed. Six weeks earlier, Duke offered the state power from the same plant at $200. Duke also raised prices from its other California plants. The average Carolinas home uses one megawatt hour per month at a retail cost of $73. With the price increases, Duke became one of the state's most expensive bidders, according to state documents, which used codes to keep bidders' identities secret. The Observer identified Duke's bids by deciphering those codes. Critics say the price run-ups support earlier claims that California power producers, including Duke, manipulated the state's electricity market for excessive gain. Generators deny the accusations. DUK is an integrated energy company delivering both electricity and natural gas to customers worldwide. DUK is a leading domestic gatherer and processor of natural gas and develops, constructs and operates energy facilities worldwide. Information about Duke Power: Ranked No. 17 on Fortune's list of America's top companies in 2000. Traded on the New York Stock Exchange under the symbol DUK Has approximately 23,000 employees worldwide Technical, engineering and environmental services extend to a wide range of energy and research facilities in more than 50 countries Generated revenues of more than $49 billion in 2000 Has $58 billion in assets Largest producer of natural gas liquids (NGLs) in the U.S. No. 2 gas marketer in the U.S. No. 3 power marketer in the U.S. One of the top 10 electric generators in the U.S. First Duke Energy power plant began producing electricity on April 30, 1904.


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