In response to a petition filed last November by NC WARN and Friends of the Earth, the NC Utilities Commission today proposed rules that would prohibit Duke Energy’s public utilities from charging ratepayers for political contributions, charitable contributions and lobbying expenses.
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As methane concentrations increase in the Earth’s atmosphere, chemical fingerprints point to a probable source: shale oil and gas, according to new Cornell University research published today in Biogeosciences, a journal of the European Geosciences Union.
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.
Today, with the imminent release of the Governor’s Clean Energy Plan, 28 national to local organizations representing tens of thousands of North Carolinians sent an open letter to Governor Roy Cooper urging him to exercise all regulatory and political authority to stop the expansion of dirty energy projects throughout the state.
Boosted by a historic heat wave in Europe and unusually warm conditions across the Arctic and Eurasia, the average temperature of the planet soared to its highest level ever recorded in June.
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.
If ever completed, a stalled and controversial fracked gas pipeline would cost North Carolinians over $20 billion due to ongoing cost overruns, make energy bills soar and amplify statewide climate impacts, the Energy Justice NC Coalition told Governor Roy Cooper today.
See coverage by Rocky Mount Telegram
Late yesterday the NC Utilities Commission effectively denied NC WARN’s November motion calling for an evidence-based hearing over Duke Energy’s hotly contested 15-year plan to limit renewable power, constantly raise power bills and greatly expand its use of climate-wrecking fracked gas.
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.