Duke Energy plans would cut CO2 and add renewables — but at a price – WFAE

by | May 16, 2022 | Energy

Duke Energy filed plans with North Carolina regulators Monday for reducing and eventually eliminating carbon emissions from its power plants to meet state climate goals. The Charlotte-based utility offered four scenarios that would eliminate coal-fired power plants and add new gas, nuclear and renewable energy.Last year’s state energy reform law called for cutting greenhouse gas emissions from electricity generation by 70% from 2005 levels by 2030 and reaching net-zero carbon by 2050.Duke Energy’s filing at the North Carolina Utilities Commission includes one scenario for achieving that 2030 goal and three scenarios that would take two to four years longer because they use new technologies — small nuclear reactors and offshore wind power.All the plans would close Duke Energy’s remaining coal-fired plants by 2035 and add new gas-fired plants, solar and wind farms and battery storage. By 2050, Duke Energy also plans to be burning clean hydrogen.”You’re fundamentally transforming the energy system in a way that I think is good for customers,” said Glen Snider, who oversees resource planning in the Carolinas for Duke Energy. He said Monday the plan offers customers “options to control their energy bill, and they’re getting a modernized energy system that has a much lower carbon footprint using much more advanced technology than was around a decade or two ago and so.”All this comes at a price. The various plans …

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