Duke Energy, American Electric Power Separately Seeking to Go Net-Zero Carbon by 2050

Credit to Author: Sonal Patel| Date: Thu, 19 Sep 2019 14:11:08 +0000

The post Duke Energy, American Electric Power Separately Seeking to Go Net-Zero Carbon by 2050 appeared first on POWER Magazine.

Two formidable U.S. coal power generators this week separately revised their their carbon dioxide emissions reduction targets. Duke Energy announced it would achieve net-zero carbon emissions by 2050. American Electric Power (AEP), meanwhile, said it would extend its target from 60% to 70% from 2000 levels by 2030, and by more than 80% by 2050—but […]

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Despite Financial Hurdles, Utility Capital Spending to Remain Elevated

Credit to Author: Sonal Patel| Date: Thu, 27 Dec 2018 16:34:36 +0000

Despite higher taxable income and pressure on balance sheets, capital spending by regulated utilities will remain elevated—and much of it will be dedicated to replacing aging infrastructure, hardening or efficiency-boosting measures, and on renewables and environmental projects, said Moody’s Investors Service in a recent sectoral briefing.  The credit ratings agency for the first time this […]

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Duke Hit Hard by Exorbitant O&M Costs at Edwardsport IGCC Facility

Duke Energy will swallow $30 million in runaway costs associated with operating its five-year-old 618-MW integrated gasification combined cycle (IGCC) facility in Edwardsport, Indiana, if a settlement the company reached with Indiana consumer groups last week is approved. Duke declared Edwardsport Generating Station “in service” in June 2013, despite a series of hiccups that delayed […]

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