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.
New NC Coal Plants Aren't Needed
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NC WARN urges news outlets to scrutinize the corporate PR more closely. CEO Lynn Good repeated the greenwashing stats yet again at the May 7 stockholder meeting: emissions are down, and we’ve closed more than 20 coal-fired power plants. NC WARN’s analysis shows why that claim is bogus.
NC WARN is calling on Duke Energy CEO Lynn Good to explain major discrepancies between official regulatory filings and what corporate executives are telling Wall Street about projected electricity demand. The correct information could lead to either $25 billion in new power plants and continuing rate increases across the Carolinas – or none at all.
Arguments for new nuclear, coal plants ignore years of flat growth, rising rates, and a restructured economic future
The NC Court of Appeals has dismissed an appeal by Duke Energy in an important case involving electricity rates and the future of new power plants.
As a state that depends heavily on coal-fired power, North Carolina currently dumps more climate-disrupting carbon dioxide pollution into the environment from burning fossil fuels than 186 nations.
Last week the NC Utilities Commission approved Duke’s wholesale contract with five electric cooperatives in South Carolina. It is more than clear that Cliffside is being built so Duke can add new customers despite Duke’s years-long insistence that Cliffside was needed to accommodate growth within its approved territory.
NC Utilities Commission declines to conduct hearing, and signals that Duke Energy can keep building power plants to expand its outside customer base