Dive Brief:
- Duke Energy believes it is time that its regulated utilities consider how to develop solar projects. Duke owns regulated utilities in Ohio, Kentucky, Indiana, Florida and North Carolina and South Carolina.
- “I think as solar prices go down and we get better at operating and managing the intermittency and the voltage fluctuations caused by that, you will see solar being part of our portfolio,” said Rob Caldwell, who heads up Duke's new renewable generation development group. “That is the next place for our generation portfolios to evolve to.”
Dive Insight:
Duke's utilities currently buy some renewable power but own very little capacity. This initiative can be traced to Duke's new leadership in CEO Lynn Good, who replaced Jim Rogers in July.
