UK Power Networks, which supplies electricity to over 8 million homes and businesses across the South East and East of England, as well as the City of London, announced its plan to create a ‘virtual power station’ last week, intending to use solar panels and a fleet of batteries at approximately 40 homes across the London Borough of Barnet.
Duke Energy Profits from Execs’ Major Blunders — News Release from NC WARN
The NC Utilities Commission ordered this state’s Duke Energy Carolinas customers to pay $545 million for coal ash negligence and $347 million for the utility’s 13-year, failed effort to begin construction of twin nuclear reactors – a project now cancelled. Even more shameful is that the commission granted Duke a roughly 10 percent mark-up on the coal ash mistake by corporate execs, just as it did in the Duke Progress case earlier this year.
New York unveils roadmap to 1.5 GW storage by 2025 — Utility Dive
The state is working on establishing a 2030 storage target by the end of the year, as it looks to pair storage with renewable electricity generation to further the state’s clean energy and climate goals. Under Cuomo’s Reforming the Energy Vision strategy, the state is aiming for 50% renewable energy generation by 2030. New York also aims to reduce greenhouse gas emissions by 40% by 2030 and 80% by 2050, both compared to 1990 levels.
Duke CEO Promised Investors $16 Billion in Grid Upgrades – On Top of Multiple Rate Hikes for Gas Plants and Coal Ash — News Release from NC WARN
Duke Energy CEO Lynn Good recently promised investors they could count on “multiple rate cases” in both of the corporation’s Carolinas service areas beginning next year – to fund seemingly endless construction of fracked gas power plants and clean-up of coal ash. Separately, she promised to boost rates and profits via a $16 billion electric “grid modernization” scheme that an expert for the NC Sustainable Energy Association (NCSEA) testified could, on its own, raise residential rates by up to 50 percent.
More Groups Blast Duke Energy’s Last-Minute Rate Deal — News Release from NC WARN
Duke Energy’s proposed side deal at the 11th hour of an already controversial rate case continues drawing opposition from consumer watchdogs, industrial customers, tech giants and environmental groups. It appears the vaguely worded deal could bring an initial rate hike of 26 percent over the first three years – while becoming a perpetual tax on customers.
Antarctic ice loss has tripled in a decade. If that continues, we are in serious trouble. — The Washington Post
Antarctica’s ice sheet is melting at a rapidly increasing rate, now pouring more than 200 billion tons of ice into the ocean annually and raising sea levels a half-millimeter every year, a team of 80 scientists reported Wednesday. The melt rate has tripled in the past decade, the study concluded. If the acceleration continues, some of scientists’ worst fears about rising oceans could be realized, leaving low-lying cities and communities with less time to prepare than they had hoped.
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NC WARN Joins Groups Fighting 11th Hour Rate Hike Deal — News Release from NC WARN
Today NC WARN filed a motion calling for the NC Utilities Commission to reject a secretive, last minute settlement between Duke Energy and several organizations that would open the floodgates for huge, streamlined rate hikes with no guarantee of benefit to anyone other than corporate stockholders.
See coverage in Greensboro News & Record
Duke Energy reaches compromise on grid modernization — Greensboro News & Record
General Electric’s power unit fights for growth as wind, solar gain — Reuters
The competition from solar and wind, along with abundant low-priced gas produced by fracking, is curbing orders for new plants and forcing the closure of old ones. Some utilities are even filing for bankruptcy. “That means companies are going to have trouble selling new fossil-fuel plants,” said Mark Dyson, a principal at the Rocky Mountain Institute, an organization that researches the power industry.