Duke Energy and TotalEnergies will pay a combined $315 million to lease 110,000 acres off North Carolina that could produce 1.3 GW in offshore wind.

Duke Energy's net income declined in the first quarter despite a whopping increase in sales compared to a year ago because of the costs of winter storms.

A second meeting of FERC and state regulators trying to spur transmission buildout exposed differences over expanding the definition of transmission benefits.

The key climate policy stories that bear watching in the Mid-Atlantic region in 2022 make up a short but high-impact list that includes offshore wind, how quickly the region’s investor-owned utilities will decarbonize and Glenn Youngkin. The clean energy landscape in the Mid-Atlantic region got a major shake-up in November when Republican Youngkin edged out …

Continue reading "The Mid-Atlantic in 2022: Offshore Wind, Decarbonization and Youngkin"

A proposed agreement between Duke Energy and solar advocates would lower the net metering rate residential rooftop solar owners receive for their excess power.

Renewable power advocates are concerned by concessions N.C. legislators made to utilities in return for the carbon-reduction goals of House Bill 951.

North Carolina law has upped the ante on utility carbon emissions reductions — requiring a 70% cut by 2030.

As H951 sits on Gov. Cooper's desk, the NCUC continued its examination of Duke Energy's IRP with a session on the increasing complexity of grid planning.

A bill in the North Carolina legislature would authorize the Utilities Commission to “take all reasonable steps” to achieve a 70% reduction in carbon.

South Carolina sent the utility back to the drawing board for IRP revisions, while North Carolina looks to changes for Duke's 2022 IRP.