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Duke Energy's most recent carbon reductions and resource plan proposal suggests delaying retirements of three NC plants that can burn coal.
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The NC General Assembly overrode Gov. Josh Stein's veto to pass a bill removing an interim carbon reduction target.
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Duke plans to increase carbon pollution during the next decade before emissions sharply decline near the end of the 2030s.
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The town of Carrboro filed suit against Duke Energy last December, alleging the utility giant engaged in a public deception campaign to dismiss concerns about climate change. Lawyers for Duke Energy are asking the judge to dismiss the case.
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The N.C. Utilities Commission directed Duke to work with wind energy developers to see if committing to a wind farm by the mid-2030s is cost effective.
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Duke Energy announced big profits during this week’s quarterly earnings call. The presentation comes on the heels of new legislation that further improves the company's credit and removes a key North Carolina climate target.
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State lawmakers are overriding several of Gov. Josh Stein's vetoes Tuesday with help from Democrats. The vetoed bills include the repeal of a carbon reduction mandate for Duke Energy and a plan to shift regulatory powers from state agencies to the legislature.
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The new memo from N.C. State professors says the fuel costs to power new natural gas plants could be a key price driver for Duke Energy customers in the coming decades.
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Senate Bill 266 also shifts some costs of purchased power from industrial to residential customers by changing how they're calculated.
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State Senate leader Phil Berger wants to repeal a carbon reduction mandate the legislature put on Duke Energy four years ago.