Tag Archives: Duke Energy

Duke Energy seeks to merge Carolina utilities, projecting more than $1B in customer savings

Duke Energy seeks to merge Carolina utilities, projecting more than $1B in customer savings

CHARLOTTE, N.C. (AP) — Duke Energy Corp. has requested approval to merge its electric utility subsidiaries in North and South Carolina. The company says this move could save customers over $1 billion over a decade. The Charlotte-based utility asked federal and state regulators on Thursday for permission to combine Duke Energy Carolinas and Duke Energy Progress. The merger aims to streamline operations and spread infrastructure expenses. Duke Energy says the change would simplify rate structures and reduce the need for resources. The subsidiaries combined produce electricity for 4.7 million residential, commercial and industrial customers. Duke Energy wants the change made effective Jan. 1, 2027.… Continue Reading

North Carolina Gov. Stein vetoes bill repealing interim greenhouse gas reduction mandate

North Carolina Gov. Stein vetoes bill repealing interim greenhouse gas reduction mandate

RALEIGH, N.C. (AP) — North Carolina Gov. Josh Stein has vetoed a bill that would repeal an interim greenhouse gas reduction mandate for power generation. Stein said Wednesday that the legislation would harm consumers and discourage clean energy. The bill would do away with a directive in a 2021 law for electric regulators to take “all reasonable steps to achieve” reducing carbon dioxide output 70% from 2005 levels by 2030. Republican supporters say the mandate is unnecessary and costly. They want to focus on a 2050 carbon neutrality goal that would remain in place. Environmentalists praised Stein’s veto of the bill. It would impact Duke Energy, the state’s dominant electric utility.… Continue Reading

North Carolina lawmakers finalize bill that would scrap 2030 carbon reduction goal

North Carolina lawmakers finalize bill that would scrap 2030 carbon reduction goal

RALEIGH, N.C. (AP) — North Carolina legislators have finalized a bill that would eliminate an interim greenhouse gas reduction mandate set in a landmark 2021 law. The state Senate voted Thursday to accept the House version that would repeal the requirement that electric regulators work to reduce carbon dioxide output 70% from 2005 levels by 2030. The law’s directive to meet a carbon neutrality standard by 2050 would remain in place. The bill’s Republican supporters say eliminating the interim mandate would benefit electric ratepayers and is more efficient for Duke Energy. The measure now goes to Democratic Gov. Josh Stein, who raised concerns about an earlier version of the bill.… Continue Reading

Rare greenhouse gas law in NC could get pulled back by GOP legislators

Rare greenhouse gas law in NC could get pulled back by GOP legislators

RALEIGH, N.C. (AP) — North Carolina enacted a rare energy law in the South in 2021 that directed power plant emissions be sharply reduced. But now the state’s GOP-controlled legislature is seeking to repeal a key element in that law. The Senate wants to do away with the requirement to take “all reasonable steps to achieve” reducing carbon dioxide output 70% from 2005 levels by 2030. Bill sponsors say regulators have already delayed the deadline as the law allows and the change would help Duke Energy assemble less expensive power sources now. Bill critics say the interim goal is useful to meet a 2050 carbon neutrality standard that still would be in place.… Continue Reading

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