RALEIGH — Duke Energy Corp. on Tuesday filed new carbon reduction proposals with the Public Service Commission of South Carolina that could cost as much as $130 billion by 2038 and increase the typical residential customer’s monthly bill by as much as $70.
The plan, which builds on its 2022 N.C. Carbon Plan filed late last year, is another step toward meeting the carbon emissions reduction targets set by N.C. legislators in House Bill 951.
The Carolinas Resource Plan proposal sheds more light on Duke’s plans and operational needs to achieve N.C.’s interim target of a 70% carbon emissions reduction from 2005 levels by 2030. Duke proposes three different paths to hitting the target but is recommending regulators order one that does so later than 2030. The company intends to file the same plan with the N.C. Utilities Commission later this week.
The filing of the resource plan sets off a lengthy public process that is expected to culminate in an order from N.C. regulators by year-end.
VIDEO: Energy Secretary pushes Duke Energy to strengthen power grid
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