Revelation kills the case for $63 billion fossil fuel and nuclear expansion; regulator decries corporate focus on profits over public, calls for pause on new data centers
Statement from NC Warn Executive Director Jim Warren
DURHAM, N.C. – In a regulatory hearing this week, Duke Energy’s top executives admitted that they recruit the very data centers used to justify a $63 billion expansion of fossil fuels and nuclear power plants in the Carolinas. Today, NC WARN declares that the case for that expansion is dead, and that existing coal- and gas-fired power plants can be rapidly and inexpensively phased out by the far cheaper solar and battery storage that Duke Energy has blocked for years.
Duke Energy CEO Harry Sideris recently boasted to corporate investors, “We have a [recruiting] team in place that their goal, 7 days a week, 24 hours a day, is how do we get these things signed quicker?” Duke’s North Carolina president Kendal Bowman confirmed (1:03:00) during the hearing that this same aggressive recruiting of energy-guzzling data centers is in use in NC.
Duke conceded that use of electricity has fallen over the long term despite huge population growth, and that it has consistently and grossly exaggerated future projections for years while arguing it must build a huge number of new power plants for electricity usage that ultimately never materializes.
Now, they’ve been caught admitting that they’re actively recruiting new large customers to try to justify the largest expansion of fossil fuels and experimental nuclear plants in the nation.
This is a scandal and crime being perpetrated against the people of North Carolina who are already struggling with soaring power bills, repeated devastation by storms and assaults on their communities by massive data center developers who provide almost no jobs after initial construction. It is outrageous that a state-sanctioned monopoly should be allowed to drive even higher profits by gouging the public with constant rate hikes year after year.
A witness for the Utilities Commission’s Public Staff stated (1:42:55) that Duke is acting in the interest of shareholders over ratepayers by overzealously signing new large load customers. The Public Staff now recommends (4:03:15) that the Commission impose a 1-year pause on new data centers and scrutinize new contracts for any future data centers.
NC WARN’s expert witness, engineer Bill Powers, provided evidence in the proceeding that local solar-plus-storage (SPS) can rapidly replace existing coal- and gas-fired power plants and avoid any new ones. Powers shows that the massive potential for local SPS in North Carolina makes it the fastest, cheapest, most equitable tool to move the state off its course toward climate and social chaos.
NC WARN is calling on Governor Josh Stein and Attorney General Jeff Jackson to cut through the years of scandal and deception and stop the criminal behavior by this giant corporation run by a gang of millionaires. We cannot wait for a ruling in six months and hope the Utilities Commission will remedy this scandalous behavior by Duke Energy executives.
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About NC Warn
Now in its 38th year, NC WARN is building people power in the climate and energy justice movement to persuade or require Charlotte-based Duke Energy – one of the world’s largest climate polluters – to make a quick transition to renewable, affordable power generation and energy efficiency in order to avert climate tipping points and ongoing rate hikes.
Appalachian Chronicle 