After deliberate attacks on N.C.county substations cut power to 45,000 customers, utility firm pushes forward with a $75 billion grid hardening plan. 

Utility firms will close nearly 20 GW of coal-fired capacity by 2035, committing to major investments in renewable energy projects.

Duke dismantling Crystal River ahead of schedule

With COVID-19 economic slowdowns, and the resulting drop in demand for oil, gas and electricity, the outlook for traditional energy sector growth and capital investment is dim, if not outright grim.

Under a new settlement with state regulators, communities and environmental groups, Duke Energy will spend $3.5 billion to close its last nine coal-ash storage impoundments in North Carolina, bringing the company’s cost of closing all of its coal-ash sites in North and South Carolina to between $8 billion and $9 billion.

Power provider says new mandate will cost $5B more at sites previously deemed low risk; legislators also move to classify them as high-risk.

With damage from the powerful hurricane still being assessed, crews rapidly are restoring power and services