Shareholders Seek Removal of Duke Board Members
The California Public Employees’ Retirement System and the New York City Pension Funds are urging fellow shareholders in Duke Energy not re-elect four members of the company’s regulatory policy and operations committee at the May 1 annual meeting.
The four directors — G. Alex Bernhardt Sr., James B. Hyler Jr., James T. Rhodes and Carlos Saladrigas — “have failed to fulfill their obligations of risk oversight as members of a committee overseeing health, safety, and environmental compliance at the company,” a letter filed with the Securities and Exchange Commission said.
About 39,000 tons of ash spilled from a pond at a shuttered coal-fired power plant near Eden, North Carolina Feb. 2, triggering investigations and subpoenas. The incident, the third-largest coal-ash spill in the U., coated 70 miles of the Dan River.
A federal grand jury is probing the state’s oversight of the company’s 33 coal-ash ponds in North Carolina.
Energy Manager News
- Reach Out to Finance Execs With Data They Understand
- Energy Trust of Oregon Exceeded 2015 Goals
- Mercy Housing, Promise Energy Teaming Up
- 30 Environmental Advocacy Groups Call on NARUC for Holistic Rate-Setting Guidelines
- New York State’s Summer of Energy
- Chicago Church Strives for Energy Efficiency
- Small, Medium Size Commercial Building Efficiency Market to Grow
- ERC: Price Benchmark Trends Week Ending June 24, 2016