Energy targets out of reach

In this mention

Progress Energy reports that renewable energy proposals for North Carolina's clean electricity standard are costing four times more than expected, making it unlikely the utility will meet state targets requiring 7.5 percent renewable electricity by 2021. The company faces a $1.5 billion spending cap and will likely hit that limit before achieving the mandated renewable energy percentage. State regulators and consumer advocates agree that without changes, North Carolina may not reach its legislatively mandated clean energy levels.