By Scott Van Voorhis, Utility Dive
Dive Brief:
Offshore wind is among the options Duke Energy expects to discuss with North Carolina regulators in the wake of the state’s new goal to reduce carbon emissions 70% by 2030 at the state's power plants, Lynn Good, the utility’s CEO and president, told analysts on Thursday during the company's third quarter earnings call.
The utility will be working with the North Carolina Utilities Commission over the coming year to develop a decarbonization plan aligned with energy legislation signed by Gov. Roy Cooper, D, on Oct. 13.
Duke posted adjusted quarterly earnings per share of $1.88, and narrowed its 2021 adjusted EPS guidance range to $5.15 to $5.30. A long-term adjusted EPS growth rate of 5% to 7% may be possible through 2025, the company said.