Cementing North Carolina’s Position as America’s Energy Leader | Eastern North Carolina Now

Breaking Down Locke's Latest Policy Victory

ENCNow
    Publisher's Note: This post appears here courtesy of the John Locke Foundation. The author of this post is Bethany Torstenson.

    Duke Energy recently announced its plans to replace one of the company's coal-fired power plants with new small modular reactors at the Belews Creek Steam Station.

    Also included in their revised resource plan is their intention to "advance the company's energy transition while prioritizing reliability and affordability - one designed to help maintain North Carolina's status as the nation's top state for economic development."

    You can read their proposed plans in full detail here.

    In a statement, Duke Energy's North Carolina President, Kendal Bowman, said: "We're putting forward a balanced kind of all-of-the-above proposed resource plan that puts North Carolina on a path to cleaner energy while protecting reliability and affordability."

    This is great news for North Carolina and a significant policy victory for the John Locke Foundation and several other organizations committed to clean energy.

    Let's break down this huge policy win and what this means going forward:

    First, this is a huge win for everyday North Carolinians. Gradually replacing coal plants with new nuclear facilities will save taxpayers hundreds of billions of dollars compared to replacing them with wind, solar, and battery storage.

    In a 2022 report, Locke's Jon Sanders highlighted the extensive financial burden on taxpayers that Duke Energy's 2022 Carbon Plan would have, resulting in an increase of $11.4 billion to $12.5 billion.

    North Carolinians can't afford energy costs rising wildly when the result is only kicking the can further down the road. Limiting the financial burden on taxpayers is essential.

    Second, it promotes nuclear energy, which is the energy of the future. Duke Energy's newly recommended resource plan doesn't include any offshore wind through 2038 but instead has 2.4 GW of clean nuclear energy.

    According to an analysis Locke published last summer, North Carolinians would reach a point by 2032 in which our peak-month electricity needs would exceed the total output of dispatchable baseload generation-essentially leaving us to rely on solar, wind, and batteries to keep the lights on and the air conditioning running. By 2050, our research suggests that residents of North Carolina may confront the genuine possibility of intermittent power outages in the summer months.

    A frightening thought.

    To power the North Carolina of tomorrow, we must ensure that The Tar Heel State continues to lead the way as America's energy capital.

    This step by Duke Energy is a step in the right direction, but we must continue to charge full steam ahead.

    Here at Locke, our priority continues to be advocating for a proactive energy plan today, so we can guarantee long-term returns in the decades to come.

    MOST POPULAR

    Updated Duke Plan Would Add More Nuclear and Natural Gas and Keep Offshore Wind at Bay

    Google Steers People Away from Bad Biden News

    Some Cities Want to Ban Meat, Dairy, Private Vehicles

    Big Victories in North Carolina for Parents and Friends of School Choice

    Sign up for our weekly newsletter to stay up to date on the latest
Go Back

HbAD0

Latest State and Federal

Biotech entrepreneur Vivek Ramaswamy told The Daily Wire on Monday that he would “strongly consider” replacing J.D. Vance as U.S. senator from Ohio now that former President Donald Trump has picked Vance to be his running mate for the 2024 election.
For the second year in a row, Raleigh was ranked as the overall best place for veterans to live in the United States, according to a WalletHub report. Charlotte, Durham, Greensboro, and Winston-Salem came in 26th, 35th, 48th, and 51st overall, respectively.
Less than 24 hours after a failed assassination attempt against former President Donald Trump — which left one bystander dead and three others, including Trump, injured — The Atlantic’s David Frum blamed the violence on the former president and his supporters.
The Biden campaign fired back at actor George Clooney on Wednesday after Clooney called for President Joe Biden to drop out of the presidential race, suggesting that the 81-year-old president has better stamina than Clooney.
Ray Epps, the man accused by many of being involved with federal law enforcement during the January 6, 2021, riot at the U.S. Capitol, said over the weekend that Fox News host Tucker Carlson was “obsessed” with him and trying to ruin his life.
The North Carolina Department of Health and Human Services is hosting a virtual meeting on Friday, March 1, 2024, for the Standardized Foster Care Trauma-Informed Assessment Workgroup.

HbAD1

Cotton has been mentioned as a possible running mate for former President Donald Trump.
Former President Donald Trump said during a radio hit on Friday that he would be willing to take a cognitive test alongside President Joe Biden to let voters see the mental state of each presidential candidate.
NBC News’ Chuck Todd said Tuesday that Biden’s declining cognitive health has been an “open secret” for years, revealing that a senior cabinet member from the Biden administration suggested in 2022 that the president cannot run for reelection.
Daily Wire Editor Emeritus Ben Shapiro is testifying to Congress on Wednesday for a House Judiciary Committee hearing on the alleged conspiracy to suppress conservative voices under the guise of “brand safety.”
At least one person was shot and killed during an assassination attempt on former President Donald Trump on Saturday at a political rally in Pennsylvania in which the suspected gunman was also “neutralized,” according to the U.S. Secret Service.

HbAD2

The State Board of Elections will hold a remote meeting at 10:30 a.m. Tuesday, July 16, 2024.

HbAD3

 
Back to Top