Charlotte, NC-based Piedmont Natural Gas Co. filed for a reduction in its rates for customers in North Carolina and South Carolina. The filings with the North Carolina Utilities Commission (NCUC) and South Carolina’s Public Service Commission (PSC) seek to lower the wholesale cost of gas benchmark contained within rates in each state and follow recent declines in the wholesale cost of gas.
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Duke Energy Carolinas to Replace Coal Units with Gas-fired Generation
As another sign that natural gas continues to be favored over coal as the go-to fuel for power generation, the North Carolina Utilities Commission (NCUC) on Thursday gave Duke Energy Carolinas the necessary regulatory approval to build two combined-cycle, gas-fired generating units, while shutting down some older coal-fired units.
June 6, 2008