Duke Energy Plans 2 New Gas-Fired Plants Near Charlotte, NC
Duke Energy is a Fortune 150 company headquartered in Charlotte, NC, and is one of America’s largest energy holding companies. Duke’s electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky, and it collectively owns 50,000 megawatts of energy-generating capacity. Duke’s natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio, and Kentucky. The company employs 28,000 people. We’ve covered many stories over the years of Duke seeking to build new gas-fired power generation throughout its territory. Here’s another new one: Duke wants to build two new gas-fired power plants (combined capacity of 850 megawatts) near its home base, just outside of Charlotte in Rowan County, NC. Read More “Duke Energy Plans 2 New Gas-Fired Plants Near Charlotte, NC”
In January 2023, New York Gov. Kathy Hochul, a leftist Democrat, floated a plan to ban natural gas hookups in every single new home and business across the “Empire” State (see 
Embedded in yesterday’s EQT Corporation update for the second quarter was the news that EQT’s plan to expand capacity along the existing 303-mile Mountain Valley Pipeline (MVP) from Wetzel County, WV, to Pittsylvania County, VA, is getting a “jumpstart” this year. One year ago, EQT announced a plan to expand capacity along MVP, from 2.0 billion cubic feet per day (Bcf/d) to 2.5 Bcf/d (see 
In June, EQT Corp. agreed to pay $167.5 million to investors who claimed the company overstated the benefits of its $6.7 billion merger with Rice Energy (see 
According to Enverus Intelligence Research, the upstream M&A (mergers and acquisitions) sector “hit the brakes” during the second quarter, falling 21% quarter-over-quarter to $13.5 billion. There were two Marcellus/Utica deals in the top five. Actually, our two deals were in the top three. The announcement by EOG Resources cutting a deal to buy Encino Energy in the Ohio Utica for $5.6 billion was the #1 highest value M&A deal in upstream O&G during 2Q (see 
Ascent Resources, founded as American Energy Partners by Aubrey McClendon, a gas industry legend, is a privately held company that focuses 100% on the Ohio Utica Shale. Ascent, headquartered in Oklahoma City, OK, is Ohio’s largest natural gas producer and the 8th largest natural gas producer in the U.S. Yesterday, Ascent published its 2024 Sustainability Report, chronicling the company’s environmental, health and safety; social; and governance (ESG) efforts and accomplishments in 2024. 
You know the old phrase “All talk and no action”? Donald Trump and his administration are the opposite—or at least, a variation. Trump does talk…a lot. But he’s also a man of action. Last week, Trump visited Pittsburgh to announce $92 billion worth of investments in the Keystone State related to AI and data centers (see 
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One of the environmental left’s favorite tactics to defeat fossil fuel projects is to challenge every single infrastructure project (pipeline or otherwise) connected to fossil energy at the Federal Energy Regulatory Commission (FERC). As soon as a company files an application to build a new project, and FERC approves it, Big Green will challenge it, first at FERC, and eventually via the courts. FERC has an internal rule, called Order No. 871, that states a company cannot begin construction (even though FERC has approved the certificate) until all such legal challenges are resolved. Which can take YEARS. Which is the point—delay, and eventually some of the projects will give up and won’t build. Run out the clock. 
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