{"id":419990,"date":"2021-01-25T07:03:39","date_gmt":"2021-01-25T12:03:39","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=419990"},"modified":"2021-01-25T07:03:39","modified_gmt":"2021-01-25T12:03:39","slug":"duke-energy-attorney-general-public-staff-and-sierra-club-reach-agreement-on-n-c-coal-ash-costs","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-attorney-general-public-staff-and-sierra-club-reach-agreement-on-n-c-coal-ash-costs\/","title":{"rendered":"Duke Energy, Attorney General, Public Staff and Sierra Club reach agreement on N.C. coal ash costs"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">&#8211; Agreement provides immediate and long-term savings for N.C. customers and certainty to Duke Energy<\/h2>\n<h2 class=\"xn-hedline\">&#8211; Resolves pending issues in North Carolina related to basin closure cost recovery<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">CHARLOTTE, N.C.<\/span>, <span class=\"xn-chron\">Jan. 25, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0In a milestone settlement that resolves the last remaining major issues on coal ash management in <span class=\"xn-location\">North Carolina<\/span>, the <span class=\"xn-location\">North Carolina<\/span> Attorney General, North Carolina Public Staff, Sierra Club and Duke Energy have reached an agreement on costs related to coal ash management and safe basin closure.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/660545\/Duke_Energy_New_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/660545\/Duke_Energy_New_Logo.jpg\" title=\"Duke Energy, the nation's largest electric utility, unveils its new logo. (PRNewsFoto\/Duke Energy) (PRNewsfoto\/Duke Energy)\" alt=\"Duke Energy, the nation's largest electric utility, unveils its new logo. (PRNewsFoto\/Duke Energy) (PRNewsfoto\/Duke Energy)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>The proposed settlement, to be filed with the North Carolina Utilities Commission (NCUC) today, details a plan for coal ash management cost allocation between 2015 and 2030. Over this time frame, Duke Energy will reduce <span class=\"xn-location\">North Carolina<\/span> customers&#8217; costs by approximately <span class=\"xn-money\">$1.1 billion<\/span>. <\/p>\n<p>The company will also maintain\u00a0its ability to earn a return on the remaining balance, providing greater confidence in achieving its long-term financial goals and its transition to cleaner energy sources.<\/p>\n<p>&#8220;This agreement addresses a shared interest in putting the coal ash debate to rest as we work toward building the cleaner energy future North Carolinians want and deserve,&#8221; said <span class=\"xn-person\">Stephen De May<\/span>, Duke Energy&#8217;s <span class=\"xn-location\">North Carolina<\/span> president. &#8220;We were able to reach a balanced compromise that will deliver immediate and long-term savings to customers and provide greater certainty to the company over the next decade.&#8221;<\/p>\n<p>The groups had a mutual interest in resolving the outstanding litigation in the current rate cases before the NCUC, as well as the N.C. Supreme Court-ordered review of the 2018 coal ash rate case decisions. <\/p>\n<p>This settlement would reduce coal ash costs included in the pending rate requests by 60%, which would provide immediate customer savings if approved.<\/p>\n<p>Duke Energy is in the process of permanently closing the remaining coal ash basins in the state, with support from the public, regulators, the environmental community and elected officials. This settlement affirms that the <a target=\"_blank\" href=\"https:\/\/news.duke-energy.com\/releases\/duke-energy-north-carolina-regulators-and-environmentalists-reach-agreement-to-permanently-close-all-remaining-ash-basins-in-north-carolina\" rel=\"nofollow noopener noreferrer\">current closure strategy<\/a> remains prudent and in the best interests of customers and communities in the Carolinas.<\/p>\n<p>The NCUC will make the final decision on the proposed rate requests and the proposed settlement agreement. \u00a0<\/p>\n<p>\n        <b>Duke Energy<\/b>\n      <\/p>\n<p>Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in <span class=\"xn-location\">Charlotte, N.C.<\/span>, is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.<\/p>\n<p>Duke Energy is transforming its customers&#8217; experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit&#8217;s regulated utilities serve approximately 7.7 million retail electric customers in six states \u2013 <span class=\"xn-location\">North Carolina<\/span>, <span class=\"xn-location\">South Carolina<\/span>, <span class=\"xn-location\">Florida<\/span>, <span class=\"xn-location\">Indiana<\/span>, <span class=\"xn-location\">Ohio<\/span> and <span class=\"xn-location\">Kentucky<\/span>. The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states \u2013 <span class=\"xn-location\">North Carolina<\/span>, <span class=\"xn-location\">South Carolina<\/span>, <span class=\"xn-location\">Tennessee<\/span>, <span class=\"xn-location\">Ohio<\/span> and <span class=\"xn-location\">Kentucky<\/span>. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects. <\/p>\n<p>Duke Energy was named to Fortune&#8217;s 2020 &#8220;World&#8217;s Most Admired Companies&#8221; list, and Forbes&#8217; 2019 &#8220;America&#8217;s Best Employers&#8221; list. More information about the company is available at <a target=\"_blank\" href=\"http:\/\/www.duke-energy.com\/\" rel=\"nofollow noopener noreferrer\">duke-energy.com<\/a>. The <a target=\"_blank\" href=\"http:\/\/news.duke-energy.com\/\" rel=\"nofollow noopener noreferrer\">Duke Energy News Center<\/a>\u00a0contains news releases, fact sheets, photos, videos and other materials. Duke Energy&#8217;s <a target=\"_blank\" href=\"http:\/\/illumination.duke-energy.com\/\" rel=\"nofollow noopener noreferrer\">illumination<\/a>\u00a0features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on <a target=\"_blank\" href=\"https:\/\/twitter.com\/dukeenergy\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>, <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/duke-energy-corporation\" rel=\"nofollow noopener noreferrer\">LinkedIn<\/a>, <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/duke_energy\" rel=\"nofollow noopener noreferrer\">Instagram<\/a>\u00a0and <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/dukeenergy\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>.<\/p>\n<p>Contact: <span class=\"xn-person\">Meredith Archie<\/span><br \/>24-Hour: 800.559.3853<\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL57671&amp;sd=2021-01-25\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/duke-energy-attorney-general-public-staff-and-sierra-club-reach-agreement-on-nc-coal-ash-costs-301213936.html\">http:\/\/www.prnewswire.com\/news-releases\/duke-energy-attorney-general-public-staff-and-sierra-club-reach-agreement-on-nc-coal-ash-costs-301213936.html<\/a><\/p>\n<p>SOURCE  Duke Energy<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CL57671&amp;Transmission_Id=202101250700PR_NEWS_USPR_____CL57671&amp;DateId=20210125\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8211; Agreement provides immediate and long-term savings for N.C. customers and certainty to Duke Energy &#8211; Resolves pending issues in North Carolina related to basin closure cost recovery PR Newswire CHARLOTTE, N.C., Jan. 25, 2021 \/PRNewswire\/ &#8212;\u00a0In a milestone settlement that resolves the last remaining major issues on coal ash management in North Carolina, the North Carolina Attorney General, North Carolina Public Staff, Sierra Club and Duke Energy have reached an agreement on costs related to coal ash management and safe basin closure. The proposed settlement, to be filed with the North Carolina Utilities Commission (NCUC) today, details a plan for coal ash management cost allocation between 2015 and 2030. Over this time frame, Duke Energy will reduce North Carolina &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-attorney-general-public-staff-and-sierra-club-reach-agreement-on-n-c-coal-ash-costs\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Duke Energy, Attorney General, Public Staff and Sierra Club reach agreement on N.C. coal ash costs&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-419990","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Duke Energy, Attorney General, Public Staff and Sierra Club reach agreement on N.C. coal ash costs - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-attorney-general-public-staff-and-sierra-club-reach-agreement-on-n-c-coal-ash-costs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Duke Energy, Attorney General, Public Staff and Sierra Club reach agreement on N.C. coal ash costs - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"&#8211; Agreement provides immediate and long-term savings for N.C. customers and certainty to Duke Energy &#8211; Resolves pending issues in North Carolina related to basin closure cost recovery PR Newswire CHARLOTTE, N.C., Jan. 25, 2021 \/PRNewswire\/ &#8212;\u00a0In a milestone settlement that resolves the last remaining major issues on coal ash management in North Carolina, the North Carolina Attorney General, North Carolina Public Staff, Sierra Club and Duke Energy have reached an agreement on costs related to coal ash management and safe basin closure. The proposed settlement, to be filed with the North Carolina Utilities Commission (NCUC) today, details a plan for coal ash management cost allocation between 2015 and 2030. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/duke-energy-attorney-general-public-staff-and-sierra-club-reach-agreement-on-n-c-coal-ash-costs\/","og_locale":"en_US","og_type":"article","og_title":"Duke Energy, Attorney General, Public Staff and Sierra Club reach agreement on N.C. coal ash costs - Market Newsdesk","og_description":"&#8211; Agreement provides immediate and long-term savings for N.C. customers and certainty to Duke Energy &#8211; Resolves pending issues in North Carolina related to basin closure cost recovery PR Newswire CHARLOTTE, N.C., Jan. 25, 2021 \/PRNewswire\/ &#8212;\u00a0In a milestone settlement that resolves the last remaining major issues on coal ash management in North Carolina, the North Carolina Attorney General, North Carolina Public Staff, Sierra Club and Duke Energy have reached an agreement on costs related to coal ash management and safe basin closure. The proposed settlement, to be filed with the North Carolina Utilities Commission (NCUC) today, details a plan for coal ash management cost allocation between 2015 and 2030. 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