Duke Energy

Climate change and its cause — the burning of fossil fuels — are problems that surround us as much as, well, the air we breathe. A new book by the father of popular climate writing, Bill McKibben, offers a simple solution: harness the power of the sun.

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.

The state legislature has overridden Gov. Stein’s veto of Senate Bill 266 with the support of two Mecklenburg County Democrats. The bill eliminates a key climate target for the state and Duke Energy.

Senate Bill 266 also shifts some costs of purchased power from industrial to residential customers by changing how they're calculated.

An energy bill moving in the General Assembly could make residential customers pay for more of the renewable energy that Duke Energy buys. Senate Bill 266 requires the state Utilities Commission to divide costs for purchased power among customer groups based on electricity use when demand is highest. For Duke Energy, that’s cold winter mornings.

Sustain Charlotte is returning Duke Energy’s donation after the utility signed on to a letter in support of rolling back pollution regulations. The letter asked EPA Administrator Lee Zeldin to cut carbon and coal-ash pollution regulations passed during the Biden administration.

The state Senate will soon vote on a bill that would eliminate North Carolina’s 2030 carbon pollution reduction target. The bill also allows Duke Energy to recover costs on power generating facilities while still under construction, instead of after the utility completes them.

Duke Energy proposed building new natural gas generators, renewable energy resources, and batteries to maintain a reliable energy supply. But a new study suggests the utility might be overestimating and overspending to meet that expected demand growth.

The letter addresses two sets of rules. One regulates how utilities manage coal combustion waste, known as coal ash. The second set of regulations sets deadlines for coal power plant retirement and caps how much or how often natural gas generators can run.

After a contentious summer of debates, state regulators approved Duke Energy’s plans to supply more energy while lowering emissions. The decision left the utility leaders optimistic about the Carolinas’ energy future and its returns for investors.