North Carolina, It’s Time to Hit Reboot on Grid Modernization
In the News & Observer, Jen Weiss, senior policy associate at Duke University's Nicholas Institute for Environmental Policy Solutions, writes that on June 22 the N.C. Utilities Commission issued a long-anticipated order on Duke Energy Carolinas’ request for a hike in electricity rates. Observers have dissected the opinion and debated hot-button issues, ranging from fixed rates and coal ash expenses to costs tied to a shuttered nuclear project. One issue that rose to the top was the commission’s rejection of Duke Energy Carolinas’ 10-year, $7.8 billion grid modernization (or “grid mod”) bid, as well as a compromise deal brokered with green groups. As the dust settles on this decision, Weiss says, it could be a good time to hit the “reboot” button on Duke Energy’s often discussed, but seldom understood, $13 billion Power/Forward Carolinas Initiative.