Duke Energy Redirects $129M From Scrapped Offshore Wind to Grid-Strengthening Projects
TL;DR Summary
Duke Energy will redirect nearly $129 million tied to its canceled Carolina Long Bay offshore wind lease into investments to add generating capacity and grid upgrades—potentially including new natural gas or advanced nuclear—aimed at improving reliability and keeping costs low for Carolinas customers, under a settlement with the Trump-era Interior Department.
Topics:business#carolina-long-bay#department-of-the-interior#duke-energy#energy#offshore-wind#ratepayers
- Duke to reinvest $129M after canceling NC offshore wind lease Carolina Journal
- Another Trump Administration Payment to Stop Offshore Wind Farm The New York Times
- Duke Energy to terminate North Carolina offshore wind lease Reuters
- Trump Ends Carolina Wind Project as Cancellations Mount Bloomberg.com
- Duke Energy Latest Company to Accept Trump’s Dirty “Deal” to Scrap Offshore Wind CleanTechnica
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