The energy legislation passed by the General Assembly last fall (HB 951) requires that the NC Utilities Commission develop a Carbon Plan by the end of this year to meet goals of a 70% reduction in CO2 by 2030 (compared with 2005) and net zero CO2 by 2050 from the electricity sector.
To email comments use this form www.ncuc.net/contactus.html indicating Docket Number E-100, Sub 179. Comments will be accepted at least until the August 23, 2022 hearings. For details and talking points, please look at Fossil Free NC’s report card of the carbon plan. www.fossilfreenc.org/duke-energys-report-card/ There is a summary and a report with a deeper dive into each of their 12 principles.
Please consider testifying or submitting written comments if you are a Duke Energy ratepayer. Your comments can be brief—no energy expertise required! The Utilities Commission does pay attention to how many citizens have concerns.
A quick overview
Duke provides four portfolio options and wants the plan to include all 4 to give them flexibility. Such an approach does not provide transparency or a way to track progress. The plan does not acknowledge a proper cost of carbon in the modeling. Equity issues are not addressed and ratepayer costs are not considered which is a concern especially for low-income customers. There are some improvements in the mix of electricity sources over their most recent Integrated Resource Plan (IRP), but they need to move much more quickly towards renewables and away from fossil fuels. Duke plans to add 3.5 gw of new fracked gas by 2030. That is a lot! Drilling and transporting fracked gas releases methane, a potent greenhouse gas, while burning it releases carbon dioxide. Expanding the current fleet of fracked gas plants makes no sense for our future. The plan calls for multiple coal plants to remain in operation after 2029. Getting rid of coal quickly is one of the most efficient ways to meet NC’s carbon reduction goals.