Duke Energy Executes 'Industry's Largest Clean-Energy Transition'

August 5, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) is on track to achieve what Chief Executive Officer Lynn Good referred to "the industry's largest clean-energy transition" in a Thursday conference call with analysts. Duke is executing its plan by closing coal-fired power plants, building out renewables and energy storage, and renewing its nuclear operating licenses.

On May 16, Duke filed its Carbon Plan with the North Carolina Utilities Commission (NCUC), which includes four portfolios to meet 70% interim carbon-reduction targets by 2030, with an aim toward net-zero carbon emissions by 2050.