By Tyler Fitch
Contributing Editor: Tyler H. Norris
➤ Download the report: Report PDF
➤ Watch the briefing: Video available here
➤ View the deck: Presentation PDF
This report represents the most comprehensive assessment to date of Duke Energy's stranded asset risk in the Carolinas. The analysis finds that carbon stranding costs from existing and proposed investments in Duke's latest IRP will conservatively total around $5 billion, based on Duke's own corporate climate commitment – nearly $1,000 in net present value cost for every residential Duke customer in the Carolinas and more than $1 billion in excess of Duke and Dominion's aggregate sunk costs into the Atlantic Coast Pipeline.
The report explores how—as a result of Duke's 2020 Carolinas IRPs—ratepayers may be burdened with the fallout from climate-related risks.
The report is available for download here.
About the Author: Tyler Fitch is regulatory manager for the Southeast at Vote Solar, where he conducts regulatory analysis and expert testimony on utility rate design and climate risk. He received a Master’s of Science in Environmental Policy from the University of Michigan’s School for the Environment and Sustainability in May 2018.