Duke Energy President Announced Plans To Spend Over $13 Billion To Upgrade NC’s Electric Grid


duke energyAt this past week’s State Energy Conference in Raleigh, Duke Energy’s regional president for North Carolina presented an incredibly ambitious plan to spend over $13 billion in our state over the next 10 years to upgrade and modernize our electric grid.

This would be in addition to the nearly $1 billion Duke already spends every year for regular maintains and upgrades.

He noted that the new spending will help Duke customers through increased reliability, more services, and a higher proportion of renewable sources.

Fountain estimated that the increased spending would create approximately 14,000 new jobs and produce $800 million in tax revenue across our state.

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