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.
Duke Energy Progress and North Carolina Eastern Municipal Power Agency filed a settlement with FERC regarding the latter using batteries to shave its peak demand.
The North Carolina Utilities Commission approved Duke Energy Progress’ latest rate case, which includes “performance-based regulation” meant to help achieve the state’s environmental policies.
Duke Energy saw earnings slip on mild weather and focused on its organic growth plans as a fully regulated firm engaged in the energy transition.
North Carolina businesses called for a study of wholesale market competition, including a possible RTO, citing a lack of “cost-competitive, clean energy.”
Members of Congress went to North Carolina to hold a field hearing on the substation attacks in early December that knocked out power to 45,000 customers.
Warm weather in its service territories led to lower earnings for Duke in Q1, but CEO Lynn Good told investors that the firm should make up for it this summer.
The North Carolina Utilities Commission largely approved Duke Energy’s proposal to update its net energy metering rules for residential rooftop solar customers.
The NCUC chair consumer advocate faced lawmakers' questions on the state's first-ever rotating outages stemming from a December storm.
SREA said Duke Carolinas' and TVA's holiday blackouts were likely avoidable had they built robust transmission links and had better access to organized markets.
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