Below are updates to the NC CLEAN PATH 2025 report based on information received after publication.
Any other news items that affect implementation of the plan will also be noted here.
August 25, 2017
Duke Energy announces cancellation of plans to build 2 new nuclear reactors at its Lee nuclear plant in Gaffney, SC. Thus, the $20 billion nuclear price tag cited in the report no longer applies. Even without the nuclear plants, the NC CLEAN PATH 2025 plan remains far cheaper than Duke Energy’s long-term plan.
Read about cancellation of the Lee plant
Read NC WARN’s news release on the cancellation
February 20, 2018
Throughout the report, the cost of Duke Energy’s share of the proposed Atlantic Coast Pipeline (ACP) is given as $2.5 billion. That represented Duke’s 40% ownership share in the $6 billion project. However, it has since been learned that each ACP partner would pay construction costs based on the percentage of fuel that it used, and would recover those costs from customers in their respective fuel riders. Since Duke would use nearly 60% of the fuel delivered by the pipeline, a more accurate cost estimate is $3.5 billion.