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A coalition of businesses wants North Carolina lawmakers to fund a study of the potential benefits of introducing competition to the state's electricity market.
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Solar installations across the Southeast are growing again as the U.S. rebounds from the pandemic and supply-chain delays. Florida leads the region, while North Carolina, which once led the Southeast, is expected to continue slipping down the list in the next few years.
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Duke Energy has reached a deal to sell its unregulated commercial wind and solar business for $2.8 billion. And it says it's making progress on the sale of another division that provides rooftop solar to businesses.
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North Carolina is getting ready to overhaul how owners of residential rooftop solar panels get paid, including reducing what Duke Energy pays for excess electricity sent to the grid. But it won't happen as soon as expected.
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As the start of construction nears for the city of Charlotte's first solar farm in Iredell County, the city is seeking a developer for a second solar project to help meet its climate goals.
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Duke Energy will raise rates by 4.8% beginning June 1 for residential customers in Asheville, Raleigh and eastern North Carolina. It's an interim rate hike while regulators decide on a three-year, 18.7% increase.
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Duke Energy's profits fell 6% during the first quarter compared with a year ago as warm winter weather reduced energy usage.
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Duke Energy executives faced questions from state regulators Thursday on their plan to sharply hike electricity rates in eastern North Carolina and the Asheville area.
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State utility regulators will begin hearing expert testimony this week to help them decide how much Duke Energy should be allowed to raise electricity rates in eastern North Carolina and the Asheville area.
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North Carolina regulators have approved a pilot program that would allow Duke Energy to supplement the power grid with electricity from customers' electric vehicle batteries when demand is high. The test will initially involve 100 customers who lease Ford F-150 Lightning pickup trucks.