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Full Answer
What is the settlement agreement with Duke Energy Ohio?
The settlement agreement resolves proceedings related to Duke Energy Ohio’s 2013-2019 expenses for environmental remediation of manufactured gas plants and the implementation of the Tax Cuts and Jobs Act (TCJA) of 2017, per PUCO.
Does Duke Energy have a settlement with PUCO?
COLUMBUS, OHIO (April 20, 2022) – Today the Public Utilities Commission of Ohio (PUCO) approved a settlement agreement resolving several natural gas regulatory cases involving Duke Energy Ohio. As a result, many of Duke Energy Ohio’s natural gas customers will see a large bill credit.
How much is the Duke Energy Bill credit in Ohio?
Duke Energy Ohio's residential natural gas customers should soon see a one-time bill credit of approximately $133, following a settlement between the company and the Public Utilities Commission of Ohio. Nonresidential customers will be credited over a 12-month period based on their monthly consumption, according to a release.
How will the TCJA affect Duke Energy Ohio customers?
Additionally, Duke Energy Ohio will credit customers with the remaining savings from the TCJA and reduce rates on a going forward basis to account for the reduction in the corporate tax rate. Specifically, Duke’s residential natural gas customers will see a one-time bill credit of approximately $133.
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How does Duke Energy benefit from the agreement?
Duke Energy benefits from the agreement by having a better grasp of the cost of the work.
Who challenged Duke Energy's decision?
Stein, along with the Sierra Club and the Utilities Commission’s Public Staff (an independent agency charged with representing the interest of utility customers) challenged the decision and ultimately ended up appealing to the N.C. Supreme Court in 2018. In a ruling issued in December, the court offered a mixed opinion, upholding portions of the Utilities Commission’s order that allowed Duke to pass along the cost to its customers, and sending some issues back to the commission for further consideration.
How much will Duke Energy reduce coal ash costs?
The settlement will reduce coal ash costs included in the pending rate requests by 60% , according to Duke Energy officials, and would provide immediate customer savings.
Where is Duke Energy's landfill?
In 2017 Duke Energy opened a lined landfill at the Sutton Plant and the remaining coal ash was moved there. The landfill cells are capped and the facility was designed to withstand a category 3 hurricane.
Does Duke Energy pay for coal ash cleanup?
Duke Energy will pay for some of coal ash cleanup, but customers still footing most of the bill. WILMINGTON — When Duke Energy agreed last year to clean up and permanently close its nine remaining coal-ash basins in North Carolina, what it did not agree to was paying for it. Thank you for reading Port City Daily.
What is the Duke Energy settlement?
The Department of Justice announced today a settlement with Duke Energy Corporation (Duke) for violating the reporting and waiting period requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act). The settlement requires Duke to pay $600,000 in civil penalties to resolve the department’s charges that, after agreeing to purchase the Osprey Energy Center (Osprey) from Calpine Corporation, Duke took control of Osprey’s business before filing required HSR Act notifications and waiting for the expiration of the mandatory waiting period for antitrust review.
Where is Duke Energy located?
Duke is headquartered in Charlotte, North Carolina. One of Duke’s wholly owned subsidiaries, Duke Energy Florida Inc., sells wholesale and retail power in various areas of Florida.
Where is the antitrust lawsuit filed?
The Justice Department’s Antitrust Division today filed a civil antitrust lawsuit in the U.S. District Court for the District of Columbia, along with a proposed settlement that, if approved by the court, would resolve the lawsuit.
Overview of Company
- Duke Energy Corporation supplies and delivers energy to approximately 7.3 million U.S. customers. Duke has approximately 57,500 megawatts (MW) of electric generating capacity in the Carolinas, the Midwest and Florida.
Violations
- This case has a lengthy litigation history starting from an original complaint filed by the United States in 2000 alleging that Duke violated the Prevention of Significant Deterioration (PSD)/New Source Review (NSR) program by making major modifications to 25 coal fired units at eight coal fired power plants without obtaining proper permits and installing proper pollution control techn…
Injunctive Relief and Pollutant Reductions
- Eleven of the 13 units have recently shutdown, and this consent decree requires those shutdowns to be permanent and an enforceable obligation. At the Allen plant, Duke must permanently retire Allen Units 1 and 2 (165 MW each) by 2024. In the interim, Duke must continuously operate existing nitrogen oxide pollution controls at Allen Units 1 and 2 and comply with a 365-day rollin…
Health Effects and Environmental Benefits
- The pollutants reduced under this settlement have numerous adverse environmental and health effects. Sulfur dioxides and nitrogen oxides can be converted to fine particulate matter (PM) once in the air. Fine particulates can be breathed in and lodged deep in the lungs, leading to a variety of health problems and even premature death. Other health and environmental impacts from the p…
Comment Period
- The proposed settlement, lodged in the U.S. District Court for the Middle District of North Carolina is subject to a 30-day public comment period and final court approval. Information on submitting comments is available at the Department of Justice (DOJ) website.
The Power Plant Enforcement Effort
- This judicial settlement secured by DOJ and EPA, is part of a national enforcement initiative to control harmful emissions from power plants under the Clean Air Act’s NSR/PSD requirements. The total combined sulfur dioxide and nitrogen oxides emission reductions secured from these settlements will exceed 2 million tons each year once all the required pollution controls have be…
For More Information, Contact
- Seema Kakade Air Enforcement Division U. S. Environmental Protection Agency 1200 Pennsylvania Ave, NW, MC 2242A Washington, DC 20460 (202) 564-2416 [email protected]