Duke Energy proposes green energy pilot for NC

November 16, 2013 by  
Filed under Green Energy News



Duke could start build solar and other renewable projects in its regulated uttiliy for the Carolinas under a proposed pilot program.

Duke could start build solar and other renewable projects in its regulated uttiliy for the Carolinas under a proposed pilot program.










John Downey
Senior Staff Writer- Charlotte Business Journal

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Duke Energy Carolinas will offer large industrial, commercial and institutional customers the option of buying energy produced by renewable sources — at a higher contracted price — if N.C. regulators approve a program proposed Friday.

The plan is designed to serve only the company’s largest users. And provisions in it allow for contracts to serve new demand only from such customers. That would help ensure green-energy sales do not undercut rate-base payments for existing conventional generation plants.

Under the proposal, Duke could purchase the renewable energy from independent power producers for resale to customers or it could build and operate its own renewable projects. Duke has recently geared up for getting into renewable-energy generation on a larger scale at its six regulated utilities.

The Green Source Rider Duke filed with the N.C. Utilities Commission would be a pilot program that would run for three years or until the company has sold 1 million megawatt-hours of renewable energy under the plan.

“This is the first program Duke Energy has developed that gives customers the option to purchase renewable energy to offset new energy consumption,” says Duke Carolinas President Paul Newton. “We are pleased to offer a new program that, if approved, may help to promote economic development and growth of renewable energy in the region, and help our customers achieve their sustainability goals.”

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Environmental groups have generally welcomed the proposal.

“The Green Source program could represent a breakthrough in the transition that Duke Energy must make from its current polluting coal, gas and nuclear power plants to the clean energy that is driving economic growth in North Carolina,” says Robert Gardner, the climate and energy campaigner for Greenpeace.

John Downey covers the energy industry and public companies for the Charlotte Business Journal.

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