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.
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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.
Duke Energy’s emphasis over the past year at two power plants in the Piedmont Triad has been on cleaning up coal ash, closing basins where the waste product had been submerged and relying more heavily on natural gas to make electricity.
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 state Senate vote yesterday on Duke Energy’s highly controversial “alternative ratemaking” bill and subsequent appointments to a conference committee clearly show the utility company’s undue influence over the legislative and public policy process, says the Energy Justice for North Carolina (EJNC) coalition.
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.
The move was a blow to clean energy groups and more than a dozen Democratic state legislators who wanted more public meetings and an expert witness hearing over Duke’s plan, which calls for deriving 8% of electricity from renewable sources while building a raft of new fossil gas plants and keeping many of its coal plants running past 2033.
Letter to the Editor by Jim Warren. Duke Energy’s Senate Bill 559 is indeed a Trojan Horse (oped June 1). The bill – which could be worth tens of billions for Duke – is as lousy as the deceptive process pushing it forward.
Key provisions to extend the period of time between utility company rate cases are embedded within N.C. Senate Bill 559, being debated at the N.C. General Assembly. Similar provisions hurt Virginia customers, and will hurt North Carolina customers, too.