Duke Energy uses data center demand to justify rate hike and new gas plants in North Carolina
By
@CanaryMediaInc
Summary
Duke Energy is seeking an 18% rate increase for households in North Carolina, partly justified by massive projected energy demand from data centers. The company has added 8 gigawatts to demand projections through 2035 and plans to build 9.7 gigawatts of new gas plants. Clean energy and consumer advocates argue there are better, cleaner alternatives to meet data center demand without burdening residential customers with higher rates.
Source
bskyDuke Energy uses data center demand to justify rate hike and new gas plants in North Carolinacanarymedia.comKey quotes
· 3 pulledThe scale of these investments and others will literally reshape Duke Energy through a 2025-2029 corporate capital plan of $87 billion, compared to $190 billion in current assets.
In fact, to satisfy 43 anticipated large-load projects through 2035, Duke has already added 8 gigawatts to its demand projections in the Carolinas
The company is using those predictions to help justify a whopping 9.7 gigawatts of new gas plants in the same time frame.
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