Climate 411

Duke Energy’s proposed investment in fossil fuels will leave customers with higher bills and more pollution

By / Published: December 12, 2023

In the last few years, North Carolinians have seen eye-popping electricity bills. Bill increase after bill increase has compounded, resulting in 20+ percent higher monthly bills for most ratepayers in our state. The main driver? The volatile cost of natural gas, which accounts for a larger and larger portion of the energy mix that North Carolinians depend on.

And yet, instead of curbing use of a risk-intensive fuel source that has had such a detrimental effect on customers, Duke Energy is proposing a huge investment to build even more gas power plants. Why? State policy guarantees Duke a profitable return on investment for its spending on infrastructure like power plants. The more costly the investment, the higher the return for the company and its shareholders.

There’s no free market for electricity in North Carolina. With no meaningful competitor to provide customers the option to choose a different energy provider, Duke dominates the market and the company’s expensive investment plans are entirely in line with what should be expected from a profit-seeking monopoly utility taking advantage of a captive customer-base.

North Carolinians deserve the facts about Duke’s decisions, how it impacts their lives and how their leaders can protect them. Here’s what you should know: 

Read More »

Posted in Cities and states / Comments are closed

Duke aims to miss state carbon reduction requirements in proposed Carbon Plan

By / Published: October 17, 2023

Photo credit: Duke Energy via Creative Commons

To comply with its carbon-reduction laws on the books and support healthier communities, North Carolina should be shifting its electricity sources from coal to lower-cost clean energy. But in its latest plan presented to the NC Utilities Commission in August, Duke Energy proposed a coal-to-gas transition – a shift that offers North Carolina households and families higher levels of harmful air pollution and exposure to electricity price spikes via volatile natural gas costs, when compared to the clean energy alternative.

According to a law approved by overwhelming bi-partisan legislative majorities in 2021, North Carolina must reduce its carbon pollution from the power sector 70% below 2005 levels by 2030 and reach carbon neutrality by 2050, supporting a necessary, statewide shift to a clean energy economy. Much of the specifics around getting to those goals, however, are left to the NC Utilities Commission to determine with input from stakeholders and utilities. Duke Energy, the largest utility in North Carolina, plays a major role in achieving those goals, and it must regularly submit updated plans to the Commission outlining how it intends to meet them.

In its first Carbon Plan submitted last year, which detailed different approaches for meeting those goals, Duke also proposed a major build-out of new gas power plants. And again, in its latest Carbon Plan/Integrated Resource Plan (CPIRP), Duke doubled-down on a concerning portfolio that proposes to:

  1. Miss the critical 2030 70% carbon reduction goal.
  2. Almost triple the amount of new gas build out.
  3. Delay offshore wind construction until the 2040s.

Here’s why the NC Utilities Commission should push Duke to submit a stronger plan that prioritizes renewables, not gas, and actually gets the state on track to meet its goals.

Read More »

Posted in Cities and states, Greenhouse Gas Emissions / Comments are closed