Utility giant faces backlash after reneging promise to phase out coal: 'A risk to all of us'

[rangerrebew]

Utility giant faces backlash after reneging promise to phase out coal: 'A risk to all of us'
Story by Jon Turi • 1d

Duke Energy, one of Indiana's largest electricity suppliers, has balked on initial plans to go coal-free by 2035, drawing ire from consumer watchdog groups.

What's happening?
According to a report by IndyStar, the utility's new plan aims to scale back on renewable energy developments while replacing much of its coal generation with either gas-fired or co-fired (both gas and coal) processes.
 
In Duke's original 2021 plan, it committed to going coal-free by 2035. This revision extends that deadline to 2038, with its Gibson location being the only plant to continue using coal exclusively after 2032.

In addition, instead of following through with its plans to install 1,500 megawatts of solar by 2030, the utility will add just 500 megawatts, with 400 megawatts of battery storage. 

"It wouldn't be responsible for us to try to turn over our entire coal fleet by 2032, and so that's why you start to see some of the conversion, the modification to balance out the retirements," Nate Gagnon, Duke's managing director for Midwest resource planning, said in the piece.

https://www.msn.com/en-us/money/markets/utility-giant-faces-backlash-after-reneging-promise-to-phase-out-coal-a-risk-to-all-of-us/ar-AA1tNNWO?ocid=msedgntp&pc=HCTS&cvid=4fe043f6ebfe4df69c466afd36c04f81&ei=73

[Kamaji]

They should be encouraged to continue stepping back from the edge of eco-suicide. 

[Weird Tolkienish Figure]

Let's be honest here, we all knew these were empty promises from the get go didn't we? Just like how California will be ICE engine free by 2030 and all the other nonsense?

[Wingnut]

"A risk to all of us"  You know what is a risk to Indianans...freezing to death in the winter. 

Go pound sand greenie weenies.

[IsailedawayfromFR]

Duke is one more company throwing at least the E away from ESG

[GtHawk]

I have an idea, throttle back the power going into these protestors homes by the percentage of coal generated electricity required to maintain supply. After a few brown outs and the damage to their electronics and appliances they might just change their minds.

[DefiantMassRINO]

Hydrocarbons have been the market-preferred fuel source because they are the most cost efficient stores of energy.

Solar and wind are more expensive and less productive sources of energy, even with Government subsidies.

If America is serious about fighting inflation, it needs more pipelines and co-fired power plants.

The US Department of Energy should evaluate the feasibility and economy of pursuing thorium-fueled reactors to generate electricity.

Artificial Intelligence and Transportation Electrification require significant investment in eletrcity generation and distribution infrastructure.

To win the AI race, America needs to win the electricity $/kwh race.

[berdie]

I have an idea, throttle back the power going into these protestors homes by the percentage of coal generated electricity required to maintain supply. After a few brown outs and the damage to their electronics and appliances they might just change their minds.

 

[IsailedawayfromFR]

Hydrocarbons have been the market-preferred fuel source because they are the most cost efficient stores of energy.

Hydrocarbons not only are efficient stores of potential energy, but pound for pound punch a very high release of kinetic energy.  They are also very easy to mine and transport.

On top of all that, they are cheap and very very abundant.  All one has to do is to drill or mine them.

God's gift to serve man.

[Weird Tolkienish Figure]

Hydrocarbons have been the market-preferred fuel source because they are the most cost efficient stores of energy.

Solar and wind are more expensive and less productive sources of energy, even with Government subsidies.

If America is serious about fighting inflation, it needs more pipelines and co-fired power plants.

The US Department of Energy should evaluate the feasibility and economy of pursuing thorium-fueled reactors to generate electricity.

Artificial Intelligence and Transportation Electrification require significant investment in eletrcity generation and distribution infrastructure.

To win the AI race, America needs to win the electricity $/kwh race.

Hydrocarbons aren't just the basis of our energy output, they are also the basis of our chemical industry. Two pillars of a modern industrialized society.