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Cathy Kunkel
Little Potential Corporate Loss on a Superfluous Project
Dominion Resources and Duke Energy say they need to build the Atlantic Coast Pipeline to meet rapidly growing demand for natural gas. But will the market really grow in the way that these utilities say that it will? The pipeline, announced in 2014 as a joint venture between Dominion, Duke, Piedmont Natural Gas and AGL […]
Charlotte Observer: Duke Energy said it plans to abandon construction of a nuclear station near Gaffney, S.C., and that it wants customers to pay about $636 million for the scrapped project. Charlotte-based Duke requested Friday that state regulators allow cancellation of its Lee nuclear station, citing in part this year’s bankruptcy filing by nuclear-reactor supplier […]
Charlotte Business Journal: Duke Energy will build three utility-owned and operated solar projects in Kentucky. Construction will start by the end of the summer, and the projects are likely to be online by early 2018, Duke says. This will be the fourth state in which a Duke regulated utility owns solar farms. The three Duke […]
Emery P. Dalesio for the Associated Press: The nation’s largest electric company wants regulators in North Carolina to force consumers to pay nearly $200 million a year to clean up the toxic byproducts of burning coal to generate power. That doesn’t sit well with neighbors of the power plants who have been living on bottled […]
Columbus Dispatch: A proposal to subsidize two coal-fired power plants is no longer on a fast track and might not pass at all. This is a shift from last month, when House Bill 239 seemed to be moving quickly toward becoming law, despite opposition from consumer and environmental groups. The Ohio House Public Utilities Committee […]
Press Release
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 […]
Associated Press: Any jump in coal production promised by President Donald Trump will not come from the largest U.S. electricity company, which is planning a steady move out of the fuel still key to producing power. Duke Energy Corp. reports Thursday that about 34 percent of the electricity used by customers in the Carolinas, Florida, […]
Columbus Dispatch: Using more electricity means your monthly utility bill goes up. And using less means your bill goes down, right? That’s what you’d expect, but that’s not what Ohio households will experience if the state’s Public Utilities Commission goes along with new proposals from the state’s leading utility companies. AEP Ohio, Duke Energy, and […]
Charlotte Business Journal: Duke Energy CEO Lynn Good says despite talk of “reviving the coal industry” in the Trump administration, coal remains economically and environmentally challenged — and Duke won’t change its move away from the fuel. “We have to look through the changes of administration, the changes in politics and set our vision on […]
Charlotte Business Journal: Duke Energy gets bad news in a new poll on N.C. voter attitudes on energy: Three-quarters of voters surveyed are concerned about Duke’s coal-ash ponds and 83.8% say Duke itself should pay for cleaning them up and not charge customers. And 67.5% of voters surveyed in a poll commissioned by Conservatives for […]
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 StabilityJune 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 […]