By law (HB 951), Duke Energy is required to put forward a carbon reduction plan every two years that provides the lowest cost and most reliable energy possible, while achieving a seventy percent (70%) reduction in emissions of carbon dioxide (CO2) emitted from electric generating facilities owned or operated by electric public utilities from 2005 levels by the year 2030 and carbon neutrality by the year 2050.
What is the lowest cost and most reliable way to meet the requirements of the law? More clean, renewable energy and battery storage.
By taking advantage of tax credits provided by the Biden Affordable Clean Energy Plan, a study by the clean energy think tank RMI shows that utilizing clean energy is cheaper than more than 90% of proposed gas plants.
Similarly, a study Duke commissioned from the National Renewable Energy Laboratory revealed that Duke could most economically meet the carbon reduction targets mandated by the law by tripling the proposed solar on its grid by 2030.
Duke’s latest carbon reduction plan is currently being considered by the NC Utilities Commission. It is the opposite of least cost and most reliable, and definitely doesn’t help us effectively transition to clean, renewable energy.
Higher energy bills. More pollution. That’s what happens when a greedy monopoly utility operates without appropriate oversight.
Please make your voice heard. You can sign our petition, call or send comments to the NCUC, or sign up to testify at a public hearing in April.
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