In North Carolina, and around the country, growth in the deployment of solar photovoltaic (PV) power has accelerated dramatically in recent years. However, from the standpoint of financing the provision of electric power to customers, this growth in solar deployment presents challenges to the traditional business models of investor-owned utilities (IOUs). How will the electric power industry adapt in the coming years, especially from the standpoint of sustainable financing of clean energy?
How financially healthy are the municipal residential electric utilities in North Carolina? That is a broad question, and one of keen interest to many customers of those utilities. This is especially true at a time when Duke Energy Progress and the North Carolina Eastern Municipal Power Agency (NCEMPA) are discussing the possibility of Duke Energy Progress purchasing NCEMPA’s electric generating assets, and where rate payers may be wondering what such a sale could mean for their future electric rates, as discussed in this previous blog post on affordability of residential electricity in N.C. Continue reading
David Tucker is a Project Director at the Environmental Finance Center at UNC Chapel Hill.
How affordable are electric rates for “average” or “typical” residential customers in North Carolina? That is a complicated question to answer, and this article represents only a beginning to that investigation. Continue reading
Casey Wichman is an Environmental Economics Analyst with the Environmental Finance Center.
In case you haven’t heard, the merger between Duke and Progress energy was approved, making it the largest power utility in the United States with approximately 7 million customers in the southeast and midwest. If you did hear about that, you are probably also aware of the executive shuffle for control of the new company between Jim Rogers, former (and now current) CEO of Duke Energy, and Bill Johnson, former CEO of Progress Energy who held the reins at the new company for mere minutes.