Duke Energy Unveils Path to Carbon-Free Power by 2050

Duke Energy Corporation aims to achieve net-zero carbon emissions from electric generation by 2050, and cut emissions by at least 50 percent from 2005 levels by 2030, according to a Sept. 17 press release. The company plans to double its renewable energy portfolio by 2025, and continue deploying low-cost natural gas to speed the transition…

Oklahoma Regulator Slashes OG&E’s $77 Million Electric Rate Bump Request

The Oklahoma Corporation Commission has approved a settlement agreement with the Oklahoma Gas and Electric Company which had initially requested a $77.6 million dollar increase to its electric rates, according to a September 19 press release. Commission Chairman Todd Hiett praised the agreement as being in the best interest of Oklahoma and achieving more than simply low-cost electricity. The commission’s…

Missouri Regulators Approve Rate Adjustments for Liberty Utilities Natural Gas Customers

The Missouri Public Service Commission has approved a request by Liberty Utilities to change natural gas rates based on weather variations, according to a September 19 press release. Midstates Natural Gas Corp., a subsidiary of Liberty Utilities, requested adjustments to its natural gas rates under the weather normalization adjustment rider, which projects anticipated gas usage changes due…

D.C. Regulators Evaluate Alternative Ratemaking Mechanism for Potomac Electric

The Public Service Commission of the District of Columbia is scheduled to discuss a framework for evaluating alternative ratemaking proposals following a request by Potomac Electric Power Company to boost its electric rates, according to a September 18 notice. In May, Pepco filed an application to increase rates for its electric distribution service in the…

Fossil Fuels Continue to Dominate U.S. Energy Production and Consumption Despite Growth in Renewables: EIA

Fossil fuels continue to account for the largest share of energy consumption in the United States. Last year, about 79 percent of domestic energy production was from fossil fuels, and 80 percent of domestic energy consumption originated from fossil fuels, according to the Energy Information Administration. The share of U.S. total energy production from fossil…

Louisiana Commission to Slash Residential Solar Payouts at Year-End Amid Mounting Program Costs

Louisiana’s utility commission is putting an end to the state’s net metering scheme for residents with solar generators at the end of the year as the regulator seeks to limit the costs the program imposes on all ratepayers. In a 3-2 vote, commissioners approved a staff proposal to set compensation for residential solar power sold…