Duke to reinvest $129M after canceling NC offshore wind lease
The Trump administration and Duke Energy reached a deal ending the Carolina Long Bay offshore wind project and redirecting $129 million to new energy generation.
The Local Government Commission agreed in April to postpone a state takeover of Rocky Mount’s finances contingent on the city complying with specific requirements.
The 4th US Circuit Court of Appeals offered a detailed explanation Thursday for its April decision to reject environmental groups’ attempt to stop work on a natural gas pipeline in North Carolina.
The 4th US Circuit Court of Appeals has rejected a stay that would have blocked work on a natural gas pipeline in North Carolina while environmental groups challenge a state permit.
The 4th US Circuit Court of Appeals questioned Tuesday whether North Carolina regulators took proper steps to avoid environmental damage from a planned natural gas pipeline in Rockingham County.
The US Department of the Interior, reports that TotalEnergies will instead invest approximately $1 billion in oil, natural gas, and LNG production in the United States.
Duke Energy relies more heavily on nuclear power, natural gas, and coal in its latest two-year long-range energy modernization plan, filed Wednesday with the North Carolina Utilities Commission. The plan holds the line on solar power commitments but calls for no use of wind power.
To fuel NC’s continued economic growth, the state needs an affordable and sustainable energy mix that includes natural gas.
The NC legislature gave final approval to the Power Reduction Act on Thursday, a bill that would eliminate the state’s statutory goal to cut carbon emissions by 70% by 2030.
Taking into account inefficiency and unreliability of solar power and the unsustainability of our national debt, eliminating the rooftop solar tax credit is a net positive.
Dozens of local, state, and federally elected officials from Virginia to Georgia have spoken out on the need for the Southeast Supply Enhancement project.
The new law is necessary because the discretion given to the NCUC by the General Assembly in 2021 was abused.