Your source for construction industry news in the Carolinas
Today, Duke Energy asked state and federal regulators for permission to combine its two electric utilities in the Carolinas. Planned for years, the combination is projected to result in billions of dollars in customer savings. Duke Energy Carolinas (DEC) and Duke Energy Progress (DEP) have operated as separate utilities since the 2012 merger of Duke…
Duke Energy (NYSE: DUK) today released its 2023 Impact Report, its 18th annual accounting of its progress toward its sustainable business goals. This year’s report includes highlights from its 2050 clean energy transition strategy, which strives to deliver industry-leading reliability, competitive rates for customers, and accelerated infrastructure and economic development to meet the growing needs of its…
As North Carolina looks toward a cleaner energy future with reduced greenhouse gas emissions and clean transportation, Duke Energy, General Motors, Ford Motor Company and BMW of North America are teaming up to launch a new electric vehicle (EV) pilot program in the state aimed at bringing certainty to the cost of EV charging. Duke Energy’s 12-month EV Complete Home…
Duke Energy today filed a new resource plan to advance the company’s energy transition while prioritizing reliability and affordability – one designed to help maintain North Carolina’s status as the nation’s top state for economic development. The Carbon Plan Integrated Resource Plan (CPIRP) builds on the trajectory of the North Carolina Utilities Commission’s (NCUC) 2022 Carbon Plan, which established a…
Duke Energy has proposed the creation of innovative customer renewable programs and a major expansion of an existing one to allow South Carolina customers the option to supplement their power usage with 100% renewable power – a critical need for many businesses seeking to relocate or expand operations in the Palmetto State. Details were spelled out today…
Duke Energy today announced an extensive expansion of its clean energy and emissions reduction plans to significantly increase the company’s carbon and methane reductions, coal plant retirements and renewable energy generation goals. The sweeping plans were announced at the company’s inaugural environmental, social and governance (ESG) day. The virtual investor event featured Duke Energy’s senior…
Duke Energy Renewables, a subsidiary of Duke Energy (NYSE: DUK), today announced the closing of $109.4 million in a preferred tax equity funding from Goldman Sachs’ Alternative Energy Investing Group. The investment will be used over 18 months to fund a diverse portfolio of approximately 75 megawatts of solar and solar plus storage projects, which will be developed and constructed by…
Duke Energy (NYSE: DUK) today said that the company will continue advancing its ambitious clean energy goals without the Atlantic Coast Pipeline (ACP) by investing in renewables, battery storage, energy efficiency programs and grid projects. Duke Energy’s $56 billion capital investment plan will deliver significant customer benefits and create jobs at a time when policymakers at all…
Dominion Energy (NYSE: D) and Duke Energy (NYSE: DUK) today announced the cancelation of the Atlantic Coast Pipeline (“ACP”) due to ongoing delays and increasing cost uncertainty which threaten the economic viability of the project. Despite last month’s overwhelming 7-2 victory at the United States Supreme Court, which vindicated the project and decisions made by permitting agencies,…
Bank of America announced today it is partnering with Duke Energy to further expand its renewable energy commitment by powering its headquarters and other Charlotte operations with solar energy. Through a renewable energy sleeved-power purchase agreement (PPA), the company is participating in Duke Energy’s Green Source Advantage (GSA) program. The bank is the first company and financial…
