@Ben_Inskeep It seemed like they had made progress from their 2019 IRP to their 2021 IRP...
but now they've more than reversed that progress
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Jon Rea
464 posts
Jon Rea
@JonRea5
he/him. Sr. Associate at @RockyMtnInst, working to accelerate decarbonization of the electricity sector. Ultra Trail Runner for @HOKA.
Boulder, CO Katılım Kasım 2012
319 Takip Edilen321 Takipçiler
Here is what Duke's IRP preferred portfolio was in their last IRP in 2021.
Notice that their previous IRP had them adding ~3,800 MW of renewables by 2035. Now that has been cut to less than 600 MW.
This is a disaster for ratepayers and the environment.
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🚨🚨🚨BREAKING: Duke Energy rescinds commitment to go coal-free by 2035, extending coal to 2038 in Indiana; plans massive new fossil fuel buildout while slashing plans to build new renewables.
Customer rates expected to soar this decade as Duke continues coal-heavy strategy 🧵
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@Ben_Inskeep I didn't think any utilities would actually get away with this. Crazy.
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In regards to #2, it means that customers will pay twice as much so Duke can build twice as much gas capacity, and then run each unit less than half of the time.
This doesn't reduce emissions, it just increases costs to ratepayers! 😡
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For context, Duke currently gets 96% of its electricity from fossil fuels in Indiana, mostly coal, and as a result of this foolhardy strategy, it is seeking a record-shattering $42/month bill increase on residential customers. x.com/Ben_Inskeep/st…
Ben Inskeep@Ben_Inskeep
Duke is the biggest renewable energy laggard in Indiana, with more than 96% of electricity generation currently coming from fossil fuels. Shockingly, Duke is proposing to massively *increase* coal-fired generation over the next two years.
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Duke's preferred plan includes nearly 3,000 MW of new combined cycle natural gas power plants built over the next 8 years.
In contrast, it plans to build *less than 600 MW of renewable energy* before 2035.
This is one of the most depressing utility resource plans I have seen.
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Jon Rea retweetledi
What's the state of Utility Planning Halfway through 2024?
@JonRea5 and I look at what IRPs are telling us about progress toward achieving emissions reduction targets and climate alignment.
rmi.org/whats-the-stat…
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How has the IRA impacted US electric utilities, what are trends in utility resource plans, and what's the best way to assess if utilities are on a path to climate success?
New @MSCI_Inc Perspectives podcast, featuring myself and @UdayVaradarajan!
open.spotify.com/show/0IfDeHLAp…
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Great collaboration here between @MSCI_Inc & @RMIElectricity. Our Engage & Act platform has a unique set of projections based on resource plans, for US utilities - a great data resource if you're investigating what utilities are planning for the future!
rmi.org/our-work/clima…
MSCI@MSCI_Inc
By monitoring the sources of future power generation, investors can learn more about the financial risks and opportunities faced by utilities than by simply focusing on past decarbonization rates. #MSCIResearch ms.spr.ly/6010YbXXn
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Change is hard. We need to transition our energy system, now, and fast. But we can do this.
RMI Electricity@RMIElectricity
As the world faces an increasing need to power more things & new energy projects are backlogged, alarm bells are going off for the electric sector. We’re here to say that we have solutions to meet surging demand while keeping climate progress on track🧵 nytimes.com/interactive/20…
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On my way to AZ now, the only state going backwards on mandates for renewable energy. Gross.
12news.com/article/news/l…
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Thanks @runfreetrail for spotlighitng my training. The @blackcanyonrun will be a great race!
Freetrail@runfreetrail
Track Canyon | Jon Rea Preps For Black Canyon 100k Jon Rea is a professional trail runner for @hoka living in Boulder, CO. This video documents a day in the life as Jon enters the final critical stages of his preparation for @AravaipaRunning's Black Canyon 100k - one of the most competitive races ever on American soil. The Workout: - Threshold mile - 10x 200m hard, 300m float - Threshold mile - Afternoon strength workout After finishing 4th at CCC and setting a new course record at the Javelina Jundred in 2023, @JonRea5 has proven he's among the best in the sport. He'll try to keep the momentum going at Black Canyon this weekend. Good luck, Jon!
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Jon Rea retweetledi
🚨 A massive #CleanEnergy opportunity is upon us.
Our analysis reveals that siting clean energy projects at existing/retiring fossil generator sites can unlock over 250 GW in the near term.
Here's how it works, & how federal funding can sweeten the deal:
bit.ly/3HlXhfh
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Jon Rea retweetledi
Electrification and new demand for power is pushing up load growth expectations. Where is the power coming from? Is load growing fast enough to achieve a climate-aligned future? Check out the latest from @RMIElectricity
@JonRea5 @UdayVaradarajan
rmi.org/the-ira-is-the…
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A new blog my teammates and I wrote using our unique set of emissions projections for US electric utilities. We assess utility resource plans and whether or not they're on track for climate success!
rmi.org/the-ira-is-the…
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Jon Rea retweetledi
👂Why invest in clean energy, you ask?
Tri-State Electric Co-op just announced plans to bring 1.25 GW of clean energy online, which would save their members $1.8 B compared to biz as usual thru 2043 and allow cuts to their emissions in CO 89% by 2030. 🙌🏼
bit.ly/47H2tWB
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Jon Rea retweetledi
In five years, the outlook for natural gas demand in 2040 has halved in the IEA Stated Policies scenario.
The fortunes of natural gas have completely changed, & so should investment decisions of oil & gas majors & the governments that support them!
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Jon Rea retweetledi
The #ClimateCrisis is a REALLY big deal. One might say it’s the elephant in the room. (Ahem.)
We’re here to tell you - you DO have a role to play in changing the path of the climate crisis. Today. Let’s talk about it. Check out our blog. elephantenergy.com/introducting-t…
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Jon Rea retweetledi
Teslas are now cheaper than the average new gas-powered car @CanaryMediaInc canarymedia.com/articles/elect…
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Check out chart #2.
2022 EV sales were 2x what IEA thought they'd be when making projections in 2020.
EV takeover!
rmi.org/the-ev-revolut…
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Whoa. 80% of car sales in Norway are already EVs? We can expect the same in the US by 2030? Roads will look, and sound, so different in a decade.
wri.org/insights/count… via @WorldResources
rmi.org/insight/x-chan… via @RockyMtnInst
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