Nuclear power advocates are jumping on the climate change bandwagon. They are repackaging the industry as a clean energy alternative, and making a case for government subsidies. The Joint Legislative Commission on Energy Policy got that pitch in April. Nuclear energy representatives said nuclear plants…
House Bill 589, passed earlier this year by the General Assembly, could put allies of North Carolina’s renewable energy industry somewhat at ease, said Randy Wheeless, a spokesman for Duke Energy, at a Nov. 1 meeting of renewable advocates. The new law lets…
Consumers are paying a lot more than they realize to prop up the renewable energy industry in North Carolina, even though a section of their bills supposedly lists the cost. That’s the contention of Rep. Chris Millis, R-Pender. Last week he introduced a bill requiring a study of the…
State Rep. Jeff Collins had enough. The Nash County Republican sat through two legislative meetings in two weeks hearing Duke Energy officials describe subsidies and carve-outs handed over to the solar energy industry at taxpayer expense. Often the utility was forced to buy renewable power that…
The state House on Thursday approved a compromise coal ash cleanup bill, agreeing with a measure passed earlier in the week by the Senate. The coal ash legislation is in response to a 2014 spill into the Dan River near Eden. The General Assembly created a coal ash commission to…
A coal ash cleanup bill moved quickly through the state Senate on Tuesday. House Bill 630 would repeal all provisions in state law related to a Coal Ash Management Commission that was struck down by the N.C. Supreme Court. Instead, coal ash cleanup will come under the supervision of…
Blue Cross and Blue Shield of North Carolina, the state’s largest insurance company, in 2015 received state tax credits for investments in renewable energy projects worth more than $40 million, and Duke Energy, the nation’s largest electric utility, used the 35 percent renewable credit for a tax break worth nearly…
RALEIGH — While Duke Energy is passing higher costs to ratepayers because state law forces it to purchase renewable energy, the utility also claimed $62.8 million in tax write-offs in 2014 for its own investments in green power projects.
Roy Cordato on next steps in tax reform; Ted Cruz on Obamacare issues; lawmakers on deal to lower electric bills in eastern NC; Richard Vedder on why markets address problems better than government; Katherine Restrepo on Medicaid lessons from other states…
Criticizing Duke for calculating its taxable income correctly is either embarrassingly silly or thoroughly disingenuous.
