Commentary by Jim Warren. Long-predicted and hopeful changes are quickly occurring in the electric power industry … Duke Energy could become a climate game-changer.
Jim Warren…is by vocation a scrapper who for years has taken on one of the biggest powers in North Carolina – its electric utilities.
Duke Energy Corp. customers in the Carolinas looking for relief from rate hikes are likely to be disappointed over the next several years. That is particularly true for customers at Duke Energy Progress, which forecasts the need for as many as five new natural gas plants between now and 2022.
Over the next 15 years, Duke Energy plans to increase how much it relies on renewable energy only modestly—from 1 percent next year to just 2 percent in 2028… Jim Warren of environmental group NC WARN says that is too little.
The latest casualty of the federal shutdown means furloughs for thousands of workers at the Nuclear Regulatory Commission.
North Carolina Attorney General Roy Cooper said Wednesday he will appeal the 4.5 percent rate hike granted to Duke Energy Carolinas this week… “The evidence just isn’t there to support a double-digit profit margin,” Cooper said.
State regulators are considering a plan to allow Duke Energy to charge customers a little more as it increases energy efficiency. A group of non-profits at the hearing, including NC WARN, said Duke should invest more in community-based efforts to weatherize homes and reduce monthly power bills without raising rates.
The Harris Nuclear Plant is operating at a reduced output after an early morning malfunction on the non-nuclear side of the facility Thursday.
Hearings on Duke Energy Carolinas’ proposed 5.1% rate hike ended Friday with the state’s customer advocate defending the proposal and a private watchdog group frustrated in attempts to learn how it was negotiated.
NC WARN, has accused Duke Energy of “gross incompetence” or “corporate fraud.” The environmental justice group claims the nation’s largest utility company deliberately tried to defraud North Carolinians by submitting a rate hike proposal with expenses including corporate jet travel and political contributions.
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