Duke Energy Corporation

13Nov

Pumping the Brakes on Coal Plant RetirementS

In the wake of the election, with a major pivot on energy and regulatory policy coming in January, utilities are already publicly announcing they’re likely to postpone, or scrap altogether, plans to close coal plants. Utilities desperately need existing capacity as reserve margins shrink and power demand soars. Southern Company Chief Executive Officer Chris Womack […]
27Jan

The Coal Fleet Remains Essential

A new report from the Sierra Club finds that dozens of the nation’s utilities plan on running their existing coal plants well beyond 2030. This is apparently devastating news for the Sierra Club’s “beyond coal” crowd, but for most Americans it should be a reminder of the incredibly important role coal continues to play in […]
09Sep

Mandating Higher Electricity Rates

It’s no secret that consumers across the country – particularly in the midst of an economic crisis – can’t afford to pay more for electricity. But higher electricity costs are coming as states, utilities and potentially the federal government push increasingly ambitious plans to rapidly move away from baseload power. Duke Energy’s recently announced Integrated […]
10Apr

When the Market is the Problem

“Allow the market to work” has been the catchphrase rebuttal to any suggestion that the accelerating loss of baseload, fuel-secure power plants threatens grid reliability. Renewable and natural gas advocates have sung it from the rooftops like a lost verse of “Baby Shark.” What their dismissal assumes – what their unshakeable faith in the market […]
05Feb

A Warning to Proceed with Caution

What’s the cost of inaction to protect the fuel diversity of our grid? New York offers a hint. The Empire State may have only two coal-fired power plants remaining, but a new rule aimed at effectively eliminating coal power from the state’s grid by 2020 is already jolting markets. As Bloomberg reported, the rule hasn’t […]