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Rabid Anti-Fossil Fuelers Object to Duke-Piedmont Merger

Global-Warming-HoaxWhen will anti-fossil fuel madness that seems to spread like the Zika virus begin to subside? Anti-fossil fuel madness is just as destructive as Zika for those it infects. Take the case of the proposed merger/buyout of Piedmont Natural Gas by utility powerhouse Duke Energy for $6.7 billion (see Duke Energy Buys Piedmont NatGas for $6.7B, Marcellus Connection). Rabid anti-fossil fuelers object to the deal because, well, because they’re idiots and they don’t want a single molecule more of natgas used to power electric plants–even though it’s cleaner than coal and even though without electricity these ignoramuses wouldn’t be able to exist. Why? Because natgas is a hated fossil fuel and burning fossil fuels, according to the nuttiest of the nutters, is catastrophically heating up ol’ Mom Earth. Therefore Duke shouldn’t buy Piedmont. That’s the twisted thinking process going on in their heads…
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Piedmont Natural Gas CEO’s Pure Gold Parachute – $14.4M

In October Duke Energy, the largest electric power holding company in the United States and a utility with 7.3 million customers in the southeast and Midwest, announced they had cut a deal to buy Piedmont Natural Gas for $4.9 billion in cash and the assumption of $1.8 billion in existing debt–for a total deal price of $6.7 billion (see Duke Energy Buys Piedmont NatGas for $6.7B, Marcellus Connection). Piedmont is a midstream and natgas LDC, or local distribution company/utility, with operations primarily in North Carolina, South Carolina and Tennessee. At least one person is going to make a boatload of money from the deal. Piedmont’s CEO Tom Skains will get a $14.4 million severance check when the deal goes through. Looks like the color of Skains’ parachute is pure gold…
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