Duke Energy is attempting to win major concessions from North Carolina lawmakers on an energy bill that would fundamentally change the state’s regulatory landscape, setting up a potential veto showdown with Governor Roy Cooper, and a battle with some of the state’s largest employers.
Duke Energy, House Republicans and hand-picked stakeholders met behind closed doors for months and produced this “Ratepayer Rip-Off Bill” that would be even worse than its predecessor, which was summarily defeated two years ago. Learn more.
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State regulators will take a closer look at Duke Energy’s long-term energy plans, they said Tuesday, delaying required approvals on keystone documents. The North Carolina Utilities Commission’s announcement comes after regulators in South Carolina this month rejected Duke’s plans in that state, adding more uncertainty to energy giant’s future construction plans.
Opposition to multiyear rate hikes rose to the forefront of objections from manufacturers, environmental and public interest groups who are speaking out against a sweeping reform of utility regulations pending before the N.C. General Assembly.
North Carolina House Republican lawmakers and Duke Energy’s representatives spent months in closed-door meetings hammering out an energy bill that somehow emerged, politically speaking, without any energy. Despite efforts to build up suspense about House Bill 951, the measure landed with a thud last week.
By Lisa Sorg Rep. John Szoka says House Bill 951 “is not perfect.” That, opponents say, is an understatement. For the past five months, the workings of a top secret energy group was so hush-hush that if someone was caught leaking information they would be expelled as an outcast and …
By supporting Duke Energy’s plans to build fossil fuel power plants, H951 clashes wildly with climate science and economics. Just weeks ago, Duke University’s Drew Shindell was lead author of an unprecedented United Nations-backed methane report calling for a halt to the expansion of gas infrastructure
Duke Energy Corp. would achieve many of its most-sought regulatory reforms, including multiyear rate plans and performance incentives that could increase its revenue, under legislation proposed Tuesday in the N.C. General Assembly.
By Elizabeth Ouzts The 47-page bill would close Duke Energy coal plants but require new gas-fired ones, drawing quick opposition from clean energy advocates. The Republican author said he is “guardedly optimistic” ahead of a committee discussion Thursday. After months of secret negotiations between Duke Energy, House Republican leaders, …