Duke Energy Carolinas Requests Rate Review by North Carolina Utilities Commission to Build a Cleaner, More Reliable Energy Future
Duke Energy Carolinas today asked North Carolina regulators to review its rates as the company continues to strengthen the electricity grid to improve reliability for customers and facilitate a cleaner, more secure energy future in a manner that supports economic development across the state. The rate case includes a three-year plan to fund system improvements, including nearly $4.2…
Duke Energy Restores Thousands of Customers After Substation Vandalism in N.C.
Duke Energy crews have restored power to nearly 7,000 customers since Sunday night when substations in Moore County were attacked. Today, approximately 38,000 customers in the area remain without power – down from 45,000, who were initially affected. Duke Energy will continue to restore service quickly and safely, although many affected customers should prepare for an outage…
Duke Energy Progress Requests Rate Review by North Carolina Utilities Commission to Build a Cleaner, Smarter Energy Future
Duke Energy Progress today asked North Carolina regulators to review its rates as the company continues to strengthen the electricity grid, reducing power outages for customers and facilitating a clean, secure energy future in a manner that supports economic development across the state. Over the past five years, infrastructure upgrades helped avoid more than 1.3 million extended…
Leeward Renewable Energy Begins Construction of Oak Trail Solar Project in North Carolina
Leeward Renewable Energy (“LRE” or “Company”) announced that construction has commenced on its Oak Trail Solar facility near Moyock, North Carolina. LRE will sell the 100 megawatts (MW) of renewable energy generated at Oak Trail Solar to Verizon Communications under a long-term power purchase agreement. “Verizon is committed to protecting our planet by supporting the…
Duke Energy Proposes New Programs to Help Grow South Carolina Economy by Helping Customers use 100% Renewable Energy
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 Outlines Progress on Clean Energy Transition
Duke Energy (NYSE: DUK) today provided an update on its strategy to meet customers’ need for affordable, reliable and increasingly clean energy. The company’s planned investment of $145 billion over the next 10 years for critical energy infrastructure is essential to meeting these customer needs and achieving net-zero carbon emissions by 2050 while also creating substantial economic benefits…
The Built Environment Blunder Causing Significant Carbon Emissions
The U.S. Department of Energy reports that, as of 2021, buildings consume 39.1% of U.S. energy and 75% of electricity,(1) which accounts for 16% of carbon emissions.(2) Creating a comfortable indoor environment by providing adequate light and temperature control uses most of this energy. Buildings that effectively insulate from moisture and wind while allowing fresh…
Duke Energy Unveils Sweeping Clean Energy and Emissions Reduction Plan at Inaugural ESG Day
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…
U.S. Marine Corps Selects Duke Energy & Ameresco to Implement $41 Million Infrastructure Project at North Carolina Air Station
Ameresco, Inc., (NYSE:AMRC), a leading energy efficiency and renewable energy company, today announced that Naval Facilities Command Mid-Atlantic (NAVFAC MIDLANT) has awarded to Duke Energy and Ameresco’s Federal Solutions group a $41 million utility energy savings contract (UESC) at the United States Marine Corps Air Station (MCAS) Cherry Point. Under a $38 million contract with Duke, Ameresco…
Duke Energy Renewables closes $109.4 million in a preferred tax equity funding from Goldman Sachs
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…
