Despite growing frustration across the political spectrum with Duke Energy’s rising rates and meager clean energy plans, there’s no clear path to ending the 115-year-old utility’s monopoly outright.
Duke's 15-Year Plan
Duke Energy’s Integrated Resource Plans (IRPs) are the planning documents the corporation must submit to the NC Utilities Commission. From 2013 to 2015, NC WARN published A Responsible Energy Future for North Carolina, which presented a realistic, clean alternative to Duke Energy’s IRPs. In 2017, we ramped up our arguments by asking engineer Bill Powers to analyze the state’s electricity generation and propose a cleaner path. Learn more about Bill’s NC Clean Path 2025 report. We will continue to argue at the Utilities Commission against Duke’s IRPs, which call for continued burning of climate-killing fossil fuels into the foreseeable future.
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A prominent energy engineer [Bill Powers] is contesting Duke Energy Carolinas’ request for billions of dollars in rate increases, showing in written testimony that the corporation is trying to pad investors’ pockets through pre-approval of grid projects that are either unneeded or could be better handled with solar-plus-storage investments.
This letter continues the flow of evidence that Duke Energy’s massive expansion of fracked gas is a reckless waste of money that’s harming humanity’s chances of averting runaway climate chaos. Today we are urging North Carolinians to tell Gov. Cooper to stop Duke Energy’s climate-wrecking gas expansion – starting with the Atlantic Coast Pipeline.
North Carolina voters are being badly misled by corporate propaganda from Duke Energy instead of accurately informed by news media and others, according to a statewide poll released today by NC WARN. In a state prideful of its civic accomplishments, these findings should be a wake-up call for news bosses, educators, public officials and other civic leaders.
Letter to the Editor by Jim Warren. In its latest 15-year Integrated Resource Plan filed in September, Duke projects to be 5 percent renewable in the Carolinas by next year. In 2033, Duke projects to be 8 percent renewable — which is under the current national average for utilities.
The new 15-year plan shows Duke plans to be only 8% renewable in the Carolinas by 2034, making the monopoly corporation a nationally-leading laggard even as many states and utilities are quickly shifting from natural gas to cheaper, renewable energy paired with battery storage.
This letter from NC WARN to Duke Energy provides new, hopeful and vitally important background about surging energy storage, the demise of fracked gas, and impacts on the climate crisis. Eight pieces of evidence – summarized after the short letter. Note Forbes Magazine citing Duke Energy as a high-risk laggard.
Senate Bill 559, approved by the Senate, is awaiting approval in the state House, where it is sitting in committee. The bill, which Duke Energy heavily lobbied for, consists of two parts — the first related to storm recovery funding and the second, more controversial part related to expanding rate-setting options.
Duke is making a lot of noise in its attempt to divert attention from the massive cost exposure potential related to the alternative rate mechanism proposal by focusing attention on the securitization section of SB559. Parkdale’s opposition is with Duke’s proposed multi-year ratemaking and return-on-equity banding, which will result in enormous rate hikes on all North Carolinians and businesses.