Press Mention E&E May 16, 2022
Topical Mention
Duke eyes gas and renewables in N.C. carbon plan
In this mention
Duke Energy filed its Carolinas Carbon Plan with the North Carolina Utilities Commission, outlining four scenarios for meeting the state's carbon reduction goals, including coal retirements, renewables expansion, and new natural gas and nuclear generation. Only one scenario would achieve the state law's interim target of 70 percent emissions cuts from 2005 levels by 2030. The plan could increase average household monthly bills by $18 to $35 depending on the scenario chosen.
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Duke eyes gas and renewables in N.C. carbon plan
Only one of four scenarios would see Duke Energy reach an interim target for cutting emissions 70 percent from 2005 levels by 2030 as laid out in a state law.
By:
Jason Plautz
| 05/17/2022 07:23 AM EDT
Workers installing brackets on the backs of photovoltaic panels at a farm in North Carolina that is a joint venture of Duke Energy Corp. and SunEdison Inc.
ENERGYWIRE | Duke Energy Corp. yesterday outlined four potential paths for meeting North Carolina's carbon goals, with options that include coal retirements and more renewables as well as new natural gas and nuclear generation.
But only one of the scenarios would see Duke reach an interim target for cutting emissions 70 percent from 2005 levels by 2030 as laid out in a state law.
The Carolinas Carbon Plan, filed with the North Carolina Utilities Commission (NCUC), is a first step toward complying with a 2021 measure requiring the state and Duke to reach net-zero carbon emissions by 2050.
The plan could increase monthly bills for an average household by $18 to $35 a month depending on the scenario, according to Duke estimates.
Under the 2021 law, the commission has discretion to extend the timeline for the 70 percent reduction goal beyond 2030 to accommodate new technology or factors like affordability, reliability and technological availability.