Duke Energy offers CO2 cut options for NC by 2030, ’32, ’34

N.C. — Duke Energy Corp.'s electricity-generating subsidiaries for North Carolina told regulators on Monday how they can comply with a new state law demanding significant greenhouse gas reductions by the end of the decade. They also would result in slightly lower average annual increases on retail power bills for the 4.4 million North Carolina and South Carolina customers through 2035 compared to reaching the 70% reduction in 2030, according to Duke Energy. “Customers in North Carolina and South Carolina deserve an orderly energy transition that supports communities and maintains affordable rates, while ensuring the continued reliable service and economic competitiveness on which both states depend,” Duke Energy North Carolina President Stephen De May said in a news release. The four portfolios envision retiring Duke Energy’s coal-fired power plants located in North Carolina by 2035, in keeping with a companywide announcement in February.