The town of Carrboro, N.C., became the first municipality in the country to sue an electric utility over its alleged deception around climate change, claiming that delayed action to address the issue will cost its government millions of dollars.

Duke Energy reported third-quarter earnings of $1.226 billion ($1.60/share), a dip of about 15% from the same period in 2023, as its utility territories were hit by three hurricanes.

The Southeast’s traditionally risk-averse vertically integrated utilities are now embracing the clean energy transition, driven by economic development in the form of new industry and data centers.

The NCUC approved Duke Energy's second Carbon Plan and Integrated Resource Plan, authorizing procurements of renewable energy, nuclear and demand response, while calling for its 8,000 MW of coal to be retired in 2036.

North Carolina residents called upon the Utilities Commission to address Duke Energy’s preferred carbon plan, criticizing its slow pace of coal plant retirements and increase in gas plants compared to other options.

Duke Energy saw quarterly earnings slip due to low demand, but a growing economy and the transition to cleaner energy had its executives highlighting future growth opportunities on its earnings call Thursday.

The plan offered by the Business Network for Offshore Wind calls for spending $36 billion on a network of up to 119 ports nationwide.

The Southeast Alliance for Clean Energy's report found that despite being responsible for 40% of all new investments in EV manufacturing, sales in the Southeast range from only 2.5% to 7% of vehicle sales, below the national average.

Duke Energy Progress and North Carolina Eastern Municipal Power Agency filed a settlement with FERC regarding the latter using batteries to shave its peak demand.