South Carolina
Solar power generation will expand strongly but not uniformly in Southeast states through the 2020s, the Southern Alliance for Clean Energy says in its annual solar report.
Duke Energy filed its long-range plan with the North Carolina Utilities Commission, calling for more natural gas-fired generation and batteries while keeping existing coal plants online to meet accelerated demand for electricity.
Duke Energy reported earnings of $1.25/share for the second quarter, and its CEO told analysts the company also came out ahead with state and federal legislation.
Duke Energy described plans to invest up to $200 billion in the next decade to meet demand growth across its multiple utilities during an earnings call for the first quarter of 2025.
Duke Energy is considering nuclear for its long-term plans, but it may take decades before the resource is being installed at scales similar to gas plants, solar or wind today.
Spurred by the recent wave of interest in new nuclear generation, Santee Cooper is seeking a buyer to take over an expansion project halted in 2017 amid extensive cost overruns and delays.
Duke Energy reported third-quarter earnings of $1.226 billion ($1.60/share), a dip of about 15% from the same period in 2023, as its utility territories were hit by three hurricanes.
Bribery scandals and concerns over reliability and the pace of decarbonization have caused increasing scrutiny of utilities’ political activities.
Duke Energy saw quarterly earnings slip due to low demand, but a growing economy and the transition to cleaner energy had its executives highlighting future growth opportunities on its earnings call Thursday.
The White House and Department of Commerce announced 31 regional tech hubs, which include some aimed at furthering the energy transition, in an effort to stand up globally competitive industries around the country.
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