Duke Energy

CHARLOTTE, N.C. (AP) — Duke Energy Corp. has requested approval to merge its electric utility subsidiaries in North and South Carolina. The company says this move could save customers over $1 billion over a decade. The Charlotte-based utility asked federal and state regulators on Thursday for permission to combine Duke Energy Carolinas and Duke Energy Progress. The merger aims to streamline operations and spread infrastructure expenses. Duke Energy says the change would simplify rate structures and reduce the need for resources. The subsidiaries combined produce electricity for 4.7 million residential, commercial and industrial customers. Duke Energy wants the change made effective Jan. 1, 2027.

RALEIGH, N.C. (AP) — North Carolina Gov. Josh Stein has vetoed a bill that would repeal an interim greenhouse gas reduction mandate for power generation. Stein said Wednesday that the legislation would harm consumers and discourage clean energy. The bill would do away with a directive in a 2021 law for electric regulators to take “all reasonable steps to achieve” reducing carbon dioxide output 70% from 2005 levels by 2030. Republican supporters say the mandate is unnecessary and costly. They want to focus on a 2050 carbon neutrality goal that would remain in place. Environmentalists praised Stein’s veto of the bill. It would impact Duke Energy, the state’s dominant electric utility.