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Duke CEO Worth Every Penny, CFO Says, Rebutting Elliott Claims

Duke CEO Worth Every Penny, CFO Says, Rebutting Elliott Claims
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Lynn goodSteve youngBloomberg duke energy corpElliott investment managementNew york basedலின் நல்லஸ்டீவ் இளம்ப்ளூம்பெர்க் டியூக் ஆற்றல் கார்ப்எலியட் முதலீடு மேலாண்மைபுதியது யார்க் அடிப்படையிலானது

Utility May Build 15 Gas Power Plants But Retire Them Early

CFO says the plan can still make economic sense. (Bloomberg) Duke Energy Corp. is considering building as many as 15 new natural gas units even as the company commits to eliminating carbon emissions by 2050. In order to still meet its climate target, the nation’s largest utility says it would retire the plants early after 25 years rather than the usual 40. “We’ve done analysis that says, ‘Let’s shorten the life of these gas assets,’” Chief Financial Officer Steve Young said in an interview before the company released its quarterly earnings Thursday. “It can still make economic sense.” Duke, which says adding gas plants could help retire its coal fleet and provide electricity as it transitions to renewables, has proposed six different plans for cleaning up its power mix. All but one includes new gas plants. Still, Duke expects to be able to cut emissions by 56-71% by 2030, depending on which path is approved by state regulators. Not building any new gas p

Steve youngJoe bidenTyler fitchBloomberg duke energy corpFinancial officer steve youngNew yorkVote solarOil and gas petroleum news events stories articles analysis commentary headlines stocks finance commodities maps picturesஸ்டீவ் இளம்ஓஹோ பிடென்டைலர் ஃபிட்ச்ப்ளூம்பெர்க் டியூக் ஆற்றல் கார்ப்நிதி அதிகாரி ஸ்டீவ் இளம்புதியது யார்க்வாக்களியுங்கள் சூரியஎண்ணெய் மற்றும் வாயு பெட்ரோலியம் செய்தி நிகழ்வுகள் கதைகள் கட்டுரைகள் பகுப்பாய்வு வர்ணனை தலைப்புச் செய்திகள் ஸ்டாக்ஸ் நிதி பொருட்கள் வரைபடங்கள் படங்கள்

Duke Reaches Agreement With North Carolina For Coal Ash Costs

Duke Reaches Agreement With North Carolina For Coal Ash Costs By January 25, 2021 (Bloomberg) Duke Energy Corp. reached an agreement with North Carolina and the Sierra Club over the costs of cleaning up waste from coal-burning power plants. The proposed settlement set to be filed Monday with the North Carolina Utilities Commission would slash customers’ costs for closing coal-ash ponds by about $1.1 billion through 2030, Duke said in a statement. The deal resolves the last remaining major issues in Duke’s long-running fight over cleaning up waste from coal plants, the company said. Ratings agencies should view the settlement as a positive development as the company will also be allowed to earn a return on its coal-ash expenditures, Guggenheim Securities LLC analyst Shahriar Pourreza wrote in a note Monday. “Focus can now be shifted to working with regulators and legislators on clean energy-legislation” and goals to reduce greenhouse gas emissions, Pourreza said.

North carolinaUnited statesLynn goodShahriar pourrezaJosh steinSierra clubBloomberg duke energy corpCarolina utilities commissionGuggenheim securitiesNorth carolina utilities commissionChief executive officer lynn goodNorth carolina attorney general josh steinNorth caroliniansவடக்கு கரோலினாஒன்றுபட்டது மாநிலங்களில்லின் நல்ல