$10 Million Payday for DNC from Energy Corporation
9:01 AM, Mar 1, 2013 • By DANIEL HALPER
Today is a good day for the Democratic National Committee. Duke Energy, which helped bankroll the Democratic convention in Charlotte last year with a $10 million loan, announced it would forgive the Democratic party of its massive debt.
"Duke Energy won’t be repaid the $10 million line of credit it guaranteed for Charlotte to host last year’s Democratic National Convention, the company confirmed Thursday," reports the Charlotte Observer.
As the article details, the $10 million gift from Duke violates the Democrats' self-imposed ban of taking corporate donations. But what difference, at this point, does it make? The election is long over, anyway.