Duke Energy | Electrical Generation | Energy Services | Industrywide Issues | North Carolina | Regulation
NC Approves Duke Energy Replacing Coal Plants with Natural Gas
We’re just now learning the good news about decisions by two different North Carolina agencies to approve four new gas-fired power plants that utility giant Duke Energy wants to build at two different N.C. sites. In early December, the N.C. Utilities Commission issued orders deeming the gas plants necessary at both sites. Then, on Dec. 20, the N.C. Department of Environmental Quality granted air quality permits for the four plants. All four will be fed by Marcellus/Utica molecules and are important new customers for our gas. Read More “NC Approves Duke Energy Replacing Coal Plants with Natural Gas”
Dominion Energy plans to build small “peaker” electric generating plants in Chesterfield County, VA, near Richmond (see 
Yesterday, the Northeast Power Coordinating Council (NPCC) announced the completion of the NPCC Northeast Gas/Electric System Study. Initiated in 2023, the study evaluated New York and New England gas supply and gas pipeline constraints for extreme and protracted winter events during the peak heating season, from December through February, for three time periods: 2024/25 (short-term), 2027/28 (mid-term) and 2032/33 (long-term). It shows that if we get an extended (more than three-day) cold snap, those of us living in NY or New England will be in trouble. 
In typical sleazy politician fashion, PA’s Democrat Governor, Josh Shapiro, is blaming someone else (the PJM grid operator, in this case) for problems that he and his predecessor have created. Shapiro recently filed a complaint with the Federal Energy Regulatory Commission (FERC) alleging PJM is mismanaging the grid and using inflated numbers that will cause economic pain for the 65 million customers who buy electricity in the PJM region. What’s causing the high prices in PJM, a region rich in natural gas? That would be former Gov. Tom Wolf and current Gov. Josh Shapiro insisting the state tax gas-fired power plants via the so-called Regional Greenhouse Gas Initiative (RGGI). 
The dataheads (sounds better than geeks or eggheads) at the U.S. Energy Information Administration (EIA) published an interesting analysis on Friday detailing which states export the most and import the most electricity. In 2023, Pennsylvania exported 83.4 million megawatt-hours (MWh) of electricity to other states in the PJM electric grid. That’s roughly 26% of all the electric power the Keystone State produced. Meanwhile, for the first time in years (maybe in forever?) Virginia became the #1 state importing electricity, importing 50.1 million MWh. Virginia is also in PJM, so it’s not a stretch to suggest Pennsylvania’s electric exports went (largely) to Virginia. 
The North American Electric Reliability Corporation (NERC) released its 2024 Long-Term Reliability Assessment (LTRA) yesterday. The LTRA highlights *critical* reliability challenges that the power industry is facing over the next 10 years, including satisfying escalating energy growth, managing generator retirements, and removing barriers to resource and transmission development. The LTRA concludes that well over half of the continent is at elevated or high risk of energy shortfalls over the next 5 to 10 years. 
Yesterday, President-elect Donald Trump posted an interesting message to his Truth Social account: “Any person or company investing ONE BILLION DOLLARS, OR MORE, in the United States of America, will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals. GET READY TO ROCK!!!” The implication is that the incoming Trumpsters will move heaven and earth to ensure more major manufacturing and infrastructure projects are built here in the U.S.A. Finally, someone who gets it! 
Last week, MDN told you the country’s largest electric grid, PJM Interconnection, which covers all or parts of 13 states, including PA, OH, and WV, is making changes to how it decides which new power plants can connect to the system first. The new policy *favors* adding natural gas-fired power over other types of power like unreliable solar and wind (see 
In the spirit of doing the maximum amount of damage to the fossil fuel industry before being pried out of their cushy offices in the D.C. swamp, the Biden EPA last week proposed yet another onerous new regulation aimed at strangling natural gas-fired power plants. This latest attack ups the limits on emissions of nitrogen oxides (NOx) from most new, modified, and reconstructed gas-fired power plants. It’s a safe bet that the incoming Trump EPA administrator, Lee Zeldin, will withdraw the proposed regulation before it can be implemented. So, at least there’s that. However, the new reg comes from a “sue-and-settle” court case with the odious Sierra Club in 2022 that requires a new reg to be in place by Nov. 2025.