South Carolina

IEEFA Research

IEEFA U.S.: Duke Energy IRPs for Carolina utilities overlook opportunities for savings from renewables

IEEFA U.S.: Duke Energy IRPs for Carolina utilities overlook opportunities for savings from renewables

Integrated resource plans for Duke give short shrift to offshore wind, solar and battery storage

April 5, 2021 (IEEFA) ⎼ A pair of long-range plans for Carolina utilities owned by Duke Energy are all but ignoring potential savings from renewable energy sources over the next decade, according to a report by the Institute for Energy Economics and Financial Analysis. The IEEFA report is the fourth in a series examining the […]

IEEFA: Duke Energy’s North Carolina gas IRPs fail to consider battery storage as viable option

IEEFA: Duke Energy’s North Carolina gas IRPs fail to consider battery storage as viable option

Utility claims natural gas is cheaper than battery storage

February 18, 2021 (IEEFA) — Duke Energy’s plans for its two utilities in the Carolinas rely on outdated cost estimates to avoid expanding battery storage capacity, according to a new study by the Institute for Energy Economics and Financial Analysis (IEEFA). In their latest integrated resource plans (IRPs), Duke Energy Progress and Duke Energy Carolinas […]

IEEFA U.S.: Duke IRPs overstate likely future demand growth

IEEFA U.S.: Duke IRPs overstate likely future demand growth

More realistic estimates would undercut case for new gas-fired generation

February 3, 2021 (IEEFA) — Forecasts used by Duke Energy that predict steadily rising demand for electricity in the Carolinas ignore the company’s sales history in the past 15 years, which have been essentially flat, and should be challenged by state regulators, according to a new study by the Institute for Energy Economics and Financial […]

IEEFA U.S.: Duke IRPs focus on new gas-fired generation, creating serious stranded-asset risks

IEEFA U.S.: Duke IRPs focus on new gas-fired generation, creating serious stranded-asset risks

Combined-cycle plants would be forced to retire well before end of operating life to meet 2050 net-zero goal

January 26, 2021 (IEEFA) — A pair of integrated resource plans (IRPs) for Duke Energy’s two North Carolina utilities rely heavily on the construction of gas-fired power plants that would have to be retired long before the end of their life span, according to a new report by the Institute for Energy Economics and Financial […]

IEEFA report: Coal-fired power generation collapsing across Southeast U.S., longtime bastion of the industry

IEEFA report: Coal-fired power generation collapsing across Southeast U.S., longtime bastion of the industry

Decade-long influx of cheap gas started regional transition; solar expected to finish it

Oct. 1, 2019 (IEEFA U.S.) – Abundant gas supplies have transformed the electricity-generation sector in the traditionally coal-dominated Southeast U.S. Planned new solar construction in the region will add momentum to the energy transition and likely lead to the zeroing out of all coal generation in a number of states in the near future, finds […]

More News and Commentary

U.S. Energy Department launches national hydrogen projects database

S&P Global Platts ($): After delays, the US Department of Energy has launched its first step towards creating a national database of hydrogen projects designed to help hydrogen companies attract federal dollars from within the infrastructure bill. Originally announced in December, the H2 Matchmaker was designed by the DOE’s Hydrogen and Fuel Cell Technology Office […]

January 25, 2022 Read More →

Duke Energy Carolinas to retire two coal-fired units by end of year

S&P Capital IQ ($): Duke Energy Carolinas LLC has notified regulators that on Dec. 31 it will retire two units consisting of 434 MW of capacity at its 860-MW G.G. Allen coal-fired plant in North Carolina. The Duke Energy Corp. subsidiary on Dec. 3 filed notices of the revised retirement dates for units 2 and […]

December 7, 2021 Read More →

Wastewater treatment rules forcing coal-fired plant closures in U.S.

Associated Press: Climate change isn’t what’s driving some U.S. coal-fired power plants to shut down. It’s the expense of stricter pollution controls on their wastewater. Dozens of plants nationwide plan to stop burning coal this decade to comply with more stringent federal wastewater guidelines, according to state regulatory filings, as the industry continues moving away […]

November 24, 2021 Read More →

Duke Energy Indiana plan adds renewables, continues fossil fuels

S&P Capital IQ ($): Duke Energy Indiana LLC revealed details of its upcoming 2021 integrated resource plan in a stakeholder presentation Nov. 16 already drawing criticism from environmental advocates. The new details include the Duke Energy Corp. subsidiary’s preferred portfolio scenario, ahead of the utility filing its integrated resource plan with the Indiana Utility Regulatory […]

November 19, 2021 Read More →

Biden Administration expands leasing plans for offshore wind farms

The New York Times: The Biden administration announced on Wednesday a plan to develop large-scale wind farms along nearly the entire coastline of the United States, the first long-term strategy from the government to produce electricity from offshore turbines. Speaking at a wind power industry conference in Boston, Interior Secretary Deb Haaland said that her […]

October 14, 2021 Read More →

Duke revises South Carolina plans to emphasize more natural gas

Utility Dive: Duke Energy is eyeing an early retirement of its coal-fired plants by the end of the decade, according to the revised integrated resource plans (IRP) filed with South Carolina regulators Friday for its subsidiaries, Duke Energy Progress and Duke Energy Carolinas. Duke’s revised IRPs also call for adding 3,000 MW of solar energy […]

September 3, 2021 Read More →

Dominion plans filing largest clean energy Virginia submission to date

Utility Dive: Dominion Energy is preparing to file its largest clean energy submission to date as part of Virginia’s triennial review process, totaling $1.5 billion in investment, CEO Robert Blue said on the utility’s second quarter earnings call Friday.  The filing, due later this month, will include up to 1,100 MW of solar, either owned […]

August 9, 2021 Read More →
IEEFA U.S.: Surge of coal-fired generation retirements looking like a reverse S-curve
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IEEFA U.S.: Surge of coal-fired generation retirements looking like a reverse S-curve

Consumers Energy, TVA among utilities planning full exits from coal

There is an inverse S-curve developing in the U.S. coal generation sector, with announced plant retirements expanding rapidly as utilities and independent power producers adjust to the influx of cleaner and cheaper wind, solar and battery storage resources disrupting the electric system. IEEFA data shows that just since March, the generating capacity of coal plants […]

IEEFA U.S.: South Carolina regulators reject Duke’s gas-dependent integrated resource plan

IEEFA U.S.: South Carolina regulators reject Duke’s gas-dependent integrated resource plan

Regulators in North Carolina should follow suit, require changes to Duke Energy’s inadequate IRP

July 8, 2021 (IEEFA) ⎼ South Carolina regulators last month rejected Duke Energy’s integrated resource plan (IRP), directing the utility to resubmit its proposal after incorporating nearly a dozen significant changes and new analyses. Many of these changes had been proposed by a broad group of participants in the IRP process and were recommended in […]

SC regulators approve new Dominion IRP to retire coal plants, push renewables

Utility Dive: South Carolina’s PSC issued its order accepting Dominion’s modified 2020 IRP on June 18. That was a reversal from its December vote, when the commission faulted Dominion’s IRP for failing to include any renewable energy additions before 2026, and for not including a demand-side management resource option as well. The commission, in its […]

June 29, 2021 Read More →