Wednesday, May 11, 2005

Duke's Rent-Seeking Love Of Carbon Taxes

NEI Nuclear Notes runs a story today indicating Duke Energy wants to expand its existing nuclear generating capacity at two power plants. Earlier this year, Duke applauded a possible carbon tax. In light of this expansion, the cynic observing the scene might be tempted to review Duke's fondness for the carbon tax as mere rent-seeking behavior, using the state to hobble its competitors.