Not a bad job if you can keep it
Design Engineer (Current Employee) – Southport, NC – October 17, 2018
Duke is under a lot of financial pressure as most big utilities are. The public utilities commissions have created a very perverse incentive in which the worst thing the utility can have is a well-run power plant that needs no capital investment in upgrades. It creates an income stream that management cannot use because they get paid for return on capital, nothing for O&M. As a result, the only way to improve profitability is to lay off employees, so that is what Duke is doing, in a BIG way. In the long run, it will damage the company, but I'm sure that the senior management would reply that there is no long run unless the company can stay alive and profitable through the short run.