McCrory "Misstated" Duke Energy Holdings, Sold Stock After Coal Ash Spill

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Remember when Governor McCrory filed financial documents showing he didn't own Duke Energy stock after the Duke Energy coal ash spill? Turns out that wasn't true. Updated documents filed recently show that Governor McCrory did in fact own at least $10,000 in Duke Energy stock and then sold the stock at some point after the coal ash spill. The News and Observer has the story,

Gov. Pat McCrory failed to disclose his ownership of Duke Energy stock this year in two state ethics filings and sold the stock after a torrent of bad publicity about the company’s coal-ash spill, the governor’s office acknowledged Wednesday.

McCrory filed a new ethics and economic disclosure that now makes clear he owned at least $10,000 of Duke Energy stock on the last day of 2013, reversing disclosure filings he made in April and May. Public officials who “knowingly” do not disclose correct information about their financial interests are subject to possible criminal penalties.

A lawyer for McCrory said through a spokesman the incorrect filings were a mistake based on the lawyer’s misunderstanding of the time frame covered by the earlier disclosures. McCrory signed the forms.

McCrory’s communications director, Josh Ellis, said in an interview Wednesday that McCrory sold his stock after the Duke Energy plant in Eden spilled 39,000 tons of coal ash, a toxic sludge, and 27 million gallons of wastewater into the Dan River near the Virginia border.

The coal-ash crisis generated national news, put a spotlight on McCrory’s ties to Duke, where he worked for about 29 years, and prompted McCrory and legislators to propose laws about cleaning up coal ash that Duke Energy says could cost the company as much as $10 billion over the next 30 years. A major reform bill has not passed the General Assembly.

At Progress NC Action, we've been calling on McCrory to come clean about his financial connections to Duke Energy for months. Now we find out he "accidentally" misreported at least ten thousand dollars in Duke Energy investments. The public has a right to know when and why exactly he sold the stock and how it took this long to discover his "mistake."



  1. B. C. Crawford's avatar
    B. C. Crawford
    | Permalink
    An incompetent criminal!!!!
  2. Montie Hamby's avatar
    Montie Hamby
    | Permalink
    A complete report on his knowledge of the stock sale and his actions should be made . Some movement on a clean up of the coal ash ponds completed
  3. Deliverance's avatar
    | Permalink
    Clear, intaomrfive, simple. Could I send you some e-hugs?
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