Duke Energy

IEEFA Research

IEEFA report: ‘Holy Grail’ of carbon capture continues to elude coal industry; ‘cautionary tale’ applies to domestic and foreign projects alike

IEEFA report: ‘Holy Grail’ of carbon capture continues to elude coal industry; ‘cautionary tale’ applies to domestic and foreign projects alike

Study details lack of economic feasibility around North American initiatives; costly and/or failed efforts at Duke’s Edwardsport, NRG’s Petra Nova, SaskPower’s Boundary Dam, and Southern Co.’s Kemper plant; technology seen as unworkable and too expensive for fast-changing electricity-generation markets

Nov. 19, 2018 (IEEFA) — A study published today by the Institute for Energy Economics and Financial Analysis concludes that costly efforts undertaken in North America to develop workable, economic technology to capture carbon from coal-fired generation have come up short. Further, the study concludes that technology developments in the renewable energy and natural gas sectors […]

November 19, 2018 Read More →

IEEFA Report: ‘Natural Security’ Argument for Saving 2 Power Plants Is a Red Herring Meant to Distract From an Ohio Valley Electric Bailout

Keeping Kyger Creek and Clifty Creek on Life Support Would Cost Ratepayers $1.4 Billion; Market Conditions Will Continue to Undermine Viability of Aging Coal-Fired Plants; Public Resources Are Better Spent on Investing in Transition; Neither Generator Is Needed for Grid Stability

June 20, 2017  (IEEFA.org) – The Institute for Energy Economics and Financial Analysis (IEEFA) today published a research brief questioning a bill in the Ohio legislature that would bail out two failing coal-fired power plants owned by the Ohio Valley Electric Corporation (OVEC) and keep the plants alive at huge expense to ratepayers. The plants […]

Memo- Duke Energy and Costs of Coal Ash Cleanup

Memo- Duke Energy and Costs of Coal Ash Cleanup

Memo on Duke Energy and Costs of Coal Ash Cleanup (pdf)

June 10, 2014 Read More →

More News and Commentary

IEEFA report: ‘Holy Grail’ of carbon capture continues to elude coal industry; ‘cautionary tale’ applies to domestic and foreign projects alike

IEEFA report: ‘Holy Grail’ of carbon capture continues to elude coal industry; ‘cautionary tale’ applies to domestic and foreign projects alike

Study details lack of economic feasibility around North American initiatives; costly and/or failed efforts at Duke’s Edwardsport, NRG’s Petra Nova, SaskPower’s Boundary Dam, and Southern Co.’s Kemper plant; technology seen as unworkable and too expensive for fast-changing electricity-generation markets

Nov. 19, 2018 (IEEFA) — A study published today by the Institute for Energy Economics and Financial Analysis concludes that costly efforts undertaken in North America to develop workable, economic technology to capture carbon from coal-fired generation have come up short. Further, the study concludes that technology developments in the renewable energy and natural gas sectors […]

November 19, 2018 Read More →

IEEFA U.S.: Coal inventories are down at utilities, yes, but that doesn’t mean they’ll be replenished

The tone of third-quarter earnings reports suggests producers aren’t quite getting the picture

The U.S. coal industry’s third quarter earnings reports are out, and one theme is repeated over and over again: Utility-coal inventories are low, which—according to producers—will boost domestic thermal sales going forward. Arch Coal, for example, points out that domestic utility inventories are currently “at the lowest level in four years in terms of days […]

November 7, 2018 Read More →
IEEFA U.S.: Two of Duke Energy’s plants in North Carolina reflect national trend in baseload slippage for coal

IEEFA U.S.: Two of Duke Energy’s plants in North Carolina reflect national trend in baseload slippage for coal

Cases in point: Mayo and Roxboro now operate at a fraction of their capacity

Plant closures grab most of the U.S. coal industry headlines lately, but an equally important story emerging from the data illustrates another facet of change sweeping the utility industry and its suppliers: Coal is losing its foothold as a baseload power resource. This shift is occurring nationally, but what’s happening in North Carolina is a […]

October 29, 2018 Read More →

Carolina utility plans major investment in energy storage

S&P Global Market Intelligence ($): Duke Energy Corp. plans to invest $500 million to add nearly 300 MW of battery storage to its portfolio in the Carolinas over the next 15 years. “Duke Energy is at the forefront of battery energy storage, and our investment could increase as we identify projects that deliver benefits to […]

October 10, 2018 Read More →

Duke Energy outlines coal phase-out plans

The Charlotte Observer: Duke Energy plans to close its seven North Carolina coal plants during the next 30 years, according to filings this week with state regulators. Those plans include calling for the Allen Steam Station, just outside of Charlotte in Gaston County, to close in 10 years, according to Duke. Coal plants like Allen […]

September 10, 2018 Read More →

Duke Energy’s $3.5 Edwardsport coal experiment: ‘A catastrophe’ for ratepayers

Indianapolis Business Journal: A consumer group is calling on Indiana utility regulators to revoke or modify approval of Duke Energy Corp.’s massive Edwardsport power plant, saying it is costing Indiana ratepayers too much money and has fallen far short of the company’s promises for producing low-cost electricity since going into service in 2013. Citizen Action […]

August 2, 2018 Read More →

Coal ash cleanup could cost Duke’s N.C. customers $5 billion

Associated Press: A string of decisions by North Carolina regulators means electricity consumers could be seeing a multibillion-dollar bill to clean up mountains of waste Duke Energy created by spending decades burning coal to produce power. State utilities regulators late last month decided that both North Carolina divisions of the country’s No. 2 power company […]

July 9, 2018 Read More →

Report: U.S. Tax Incentives Will Drive $20 Billion in Renewable Capex Spending Through 2018

S&P Global Market Intelligence ($): With incentives retained in the Tax Cuts and Jobs Act supporting the development of renewable energy, U.S. electric utilities and their competitive energy arms are moving ahead with certainty on planned solar investments to take advantage of the federal solar investment tax credit, or ITC, before it drops permanently to […]

March 28, 2018 Read More →

CEO: Duke Energy to Propose Continuing Coal Phase-Out

Axios: One of America’s largest utility companies, Duke Energy, is set to release a report later this month that sketches a drastically changed electricity mix in a carbon-constrained future. Duke is the latest energy company to commit to releasing a report about climate change in response to investor pressure conveyed by non-binding but symbolically important […]

March 12, 2018 Read More →

U.S. Utility Giant Duke Energy Increases Its Renewables Spend to $1.5 Billion

S&P Global Market Intelligence: Duke Energy Corp. expects to funnel more capital into commercial renewables but will continue to focus the bulk of its investments on the grid over the next five years. The updated growth capital plan focuses $28.8 billion on electric utilities, including regulated renewables, and $6.7 billion on gas utilities. The plan […]

February 21, 2018 Read More →