Duke Energy Needs to Accelerate Coal Power Retirement by Critics
Indiana’s large electric utility needs to move faster to retire its growing older network of coal-fired power plants and replace them with cleaner, more renewable power sources, environmentalist stated.
Duke Power Indiana officials stated they hope to retire all nine of the utility’s coal-fired units by 2038 and construct two massive natural-gas plants.
Stan Pinegar mentioned that they view this as the start of our transition to a more agile, diversified fleet,”, president of Duke Power Indiana, which serves 840,000 electrical prospects in 69 of the state’s 92 countries.
But the conservationist contends Duke is stalling and that different Indiana utilities are shifting faster to mothball the plants, which spew carbon dioxide and other pollutants into the atmosphere, the Indianapolis Business Journal reported.
Kerwin Olson mentioned Duke’s plan is exceptionally disappointing, he is executive director of Citizens Action Coalition of Indiana region.
Many conservationists stated they are pushing for utilities to expedite their timetable for transitioning to clean energy because the climate is getting hotter and the weather is becoming more severe.
Every three years, all Indiana electrical utilities are required to file 20-year plans that outline the place they will get their energy. Though plans are not substantial commitments, the forecasts — known as integrated resource plans — are blueprints that let the public see how the companies intend to make investments in future decades.
Duke Vitality filed its integrated resource plan July 1 with the Indiana Utility Regulatory Commission. The program balances the demands of consumers, government guidelines and environmentalists, company officials said.
“There’s pressure on all sides concerning this kind of planning,” Pinegar said. “But, you already know, we have stakeholders who think we’re moving too fast; we have stakeholders who think we’re moving too slow. It’s a balancing act.”
But another Indiana utility is pivoting from coal substantially faster.
Last fall, Merrillville-based Northern Indiana Public Service Co. announced plans to retire four of its five remaining coal-fired, electricity-generating units within five years and the other within a decade.
Vectren Corp., owned by Houston-based CenterPoint Power Co., aims to retire three of its four coal-fired generating units in southern Indiana by 2024.