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Duke Energy expands North Carolina program that helps businesses become more renewable and carbon-free
- With added options, Green Source Advantage Choice helps large businesses access renewable energy on Duke Energy (NYSE:)’s grid
CHARLOTTE, N.C., Oct. 22, 2024 /PRNewswire/ — Duke Energy (NYSE: DUK) has received approval for Green Source Advantage Choice (GSA-C) in North Carolina, a program that provides the opportunity for large business customers to support renewable energy development by supplementing their power usage with 100% renewable, carbon-free generation.
“Green Source Advantage Choice builds upon the success with our legacy Green Source Advantage program that has allowed large business customers to make decarbonization a long-term part of business plans,” said Kendal Bowman, Duke Energy North Carolina state president. “We started with stakeholder discussions in 2022, and it has been a priority to develop an offering that meets the needs of customers while working within the regulatory framework.”
Duke Energy’s foundational Green Source Advantage (GSA) program supports renewable energy development by providing large nonresidential customers the opportunity to offset their power purchases by securing renewable energy from new projects connected to the local Duke Energy grid. The GSA-C program builds upon that with key modifications, including up to 5,000 megawatts (MW) of capacity “ more than five times the capacity that was available under the original versions of the program. GSA-C provides large business customers with a path toward having 24/7 clean energy and enables them to count the renewable energy generated to satisfy their sustainability goals.
The program incorporates key new features including an additional bill credit option and the ability for customers to increase the capacity they can apply to match 100% of their energy usage. As a voluntary program, GSA-C is fully funded by participating large business customers, with no cost to customers who choose not to participate.
GSA-C continues to offer large business customers the flexibility of selecting and negotiating all price terms directly with a renewable supplier of their choice, including securing clean energy environmental attributes (CEEAs) generated by that renewable facility. CEEAs are comprised of both the renewable energy certificate (REC) and the carbon emission reduction attribute associated with renewable energy generation. Customers will have the option of combining battery storage at the renewable facility, and the customer and developer may choose a mutually agreeable contract length.
GSA-C offers customers several options, including:
- Bring Your Own Purchased Power Agreement (PPA) “ The continuation of the traditional “Bring Your Own PPA” option is currently available and offers 250 MW of capacity annually.
- Resource Acceleration Option (RAO) “ The RAO is available and modeled on the Bring Your Own PPA option but offers an additional 300 MW of capacity every two years.
- Work with Duke Energy “ A new ‘easy option’ allows customers to collaborate directly with Duke Energy on new facilities that will be coming online and operational in the future. These facilities can be Duke Energy-generated or operated and maintained by a third party. With planning and construction of these new projects underway, additional details on this option will be available in the coming months.
“The revenue from the sale of clean energy environmental attributes (CEEAs), or carbon-free attributes, means that Green Source Advantage Choice not only provides a valuable solution to our customers but allows all of our retail customers to share in the advantages of clean energy benefits “ regardless of whether they participate in the program,” said Bowman.
Later this year, Duke Energy also plans to file Clean Energy Connection with the North Carolina Utilities Commission (NCUC). The proposed is a subscription-based community solar program will allow for an additional way for customers to meet their sustainability goals.
Similar programs have also been approved and are underway in South Carolina.
More information: Green Source Advantage Program – Duke Energy (duke-energy.com)
Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. The company’s electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 megawatts of energy capacity. Its utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.
Duke Energy is executing an ambitious clean energy transition, keeping reliability, affordability and accessibility at the forefront as the company works toward net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company is investing in major electric grid upgrades and cleaner generation, including expanded energy storage, renewables, natural gas and nuclear.
More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on X, LinkedIn, Instagram and Facebook (NASDAQ:), and visit illumination for stories about the people and innovations powering our energy transition.
Contact: Logan Stewart
24-Hour: 800.559.3853
LONDON – DCI Advisors Limited, an investment advisory firm, has announced an update on its re-domicile process, indicating that the re-domiciled entity is now expected to commence trading on the Alternative Investment Market (AIM) on January 15, 2025. This follows the company’s previous update.
In the interim, the trading of the company’s ordinary shares will remain suspended. The suspension is pending the publication of the audited accounts for the year that ended on December 31, 2023, and the interim results for the six months that concluded on June 30, 2024. DCI Advisors has assured stakeholders that these financial results are anticipated to be released shortly and has promised to make a further announcement as soon as the information becomes available.
Additionally, the company has provided specific dates relating to the re-domicile process: the record date is set for January 14, 2025, and the enablement date for Euroclear, which is a system that settles domestic and international securities transactions, covering bonds, equities, derivatives, and investment funds, is scheduled for January 15, 2025.
Investors and market participants are advised to await further communications from DCI Advisors for more detailed information regarding the re-domicile and trading resumption. The company’s managing directors, Nicolai Huls and Nick Paris, along with their nominated adviser and broker Cavendish Capital Markets and the administrator FIM Capital Limited, are handling enquiries related to this update.
This announcement is based on a press release statement and is intended to keep market participants informed about the significant dates and the current status of DCI Advisors’ re-domicile process and trading on AIM.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
MINNEAPOLIS–(BUSINESS WIRE)–Graco Inc. (NYSE: GGG) announced today that it will release its Fourth Quarter 2024 earnings after the New York Stock Exchange closes on Monday, January 27, 2025. A full-text copy of the earnings announcement will be available on the company’s website at investors.graco.com. Graco management will hold a conference call, including slides via webcast, with analysts and institutional investors to discuss the results at 11 a.m. EST / 10 a.m. CST on Tuesday, January 28, 2025.
A real-time listen-only webcast of the conference call will be broadcast on the company’s website and by going here: edge.media-server.com. Listeners should register on the website at least 15 minutes prior to the live conference call. For those unable to listen to the live event, a replay of the webcast will be available on the company’s website at investors.graco.com.
ABOUT GRACO
Graco Inc (NYSE:). supplies technology and expertise for the management of fluids in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid and powder materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction and maintenance industries. For additional information about Graco Inc., please visit us at www.graco.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250107083647/en/
Investors: David M. Lowe, 612-623-6456
Media: Meredith (NYSE:) A. Sobieck, 612-623-6427
Meredith_A_Sobieck@graco.com
Source: Graco Inc.
Investing.com–US stocks edged higher Tuesday, consolidating a rally in technology shares, ahead of the release of key economic data.
At 09:30 ET (14:30 GMT), the rose 100 points, or 0.2%, the index rose 23 points, or 0.4%, and the rose 65 points, or 0.3%.
Wall Street indexes were buoyed by a broader rally in tech stocks on Monday, which helped them recoup some of their losses from late-December and early-January.
Nvidia in focus
Nvidia (NASDAQ:) stock gained over 2% Tuesday, following an over 3% rally during the prior session, when the stock briefly hit a record high.
At CES 2025, a major annual tech conference in Las Vegas, CEO Jensen Huang laid out how the world’s second-most valuable firm is bringing technology that powers its lucrative data center AI chips to consumer PCs and laptops.
Nvidia gained around $2 trillion in market capitalization through 2024, as the company further cemented its position as the premiere maker of advanced AI chips.
The company also acts as a bellwether for the broader tech sector, given its prevalence in the fast-growing AI industry.
Elsewhere, Meta Platforms (NASDAQ: stock fell 0.3% after the Facebook-parent said it would end its current third-party fact-checking program in the United States and instead begin moving to a ‘Community Notes’ program similar to that on social media platform X.
Microsoft (NASDAQ:) stock rose 0.4% after the software giant announced plans to spend $3 billion to expand its Azure cloud and artificial intelligence capacity in India.
Trump comments temper optimism
Beyond tech, gains in stock markets were somewhat tempered by U.S. President-elect Donald Trump denying media reports that his administration will pursue a less aggressive tariff regime than previously feared.
Trump denied a Washington Post report that his administration will only target certain sectors in imposing trade tariffs, instead of the broad tariffs promised by Trump during his campaigning.
Uncertainty over Trump’s policies had also weighed on Wall Street in the beginning of the year, given that he is widely expected to enact expansionary and protectionist policies that could underpin inflation and disrupt global trade.
Labor market data in focus
The major economic data release due later in the session is the for November, as the focus turns to the labor market and what it is saying about the strength of the US economy.
The is slated for Wednesday, ahead of Friday’s widely-watched December’s report.
The holds its next policy-setting meeting at the end of this month, and signaled a more cautious stance regarding cutting interest rates at its December meeting.
Crude bounces
Oil prices edged higher Tuesday, bouncing after the previous session’s losses on optimism of more policy support to revive economic growth in China, the world’s largest crude importer.
By 09:30 ET, the US crude futures (WTI) climbed 0.6% to $74.01 a barrel, while the Brent contract rose 0.7% to $76.86 a barrel.
Both benchmarks slid on Monday, after rising for five days in a row last week to settle at their highest levels since October on Friday.
(Ambar Warrick contributed to this article.)
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