CLAIM #21808 · DUK (DUK) · 2023Q2 earnings call · Aug 8, 2023 · due Dec 31, 2033
“We've added 300 megawatts of new solar this year and now operate 1200 megawatts in the state, with plans to continue adding about 300 megawatts per year over the next decade.”
Lynn Good · CEO
How to check this claim
Look at: Total solar capacity operated in Florida (megawatts)
It came true if: Florida solar capacity >= 1500 MW by end of 2024 (approx. 1200 MW plus ~300 MW added in the next year)
Where: Company-disclosed generation capacity (10-K / investor presentations on Florida operations)
In context
“equacy. Later this year, we will begin the CPCN Process in North Carolina for replacement gas generation. At the same time, solar procurement will continue on an annual basis. In fact, our 2022 solar procurement was recently finalized, with nearly 1000 megawatts to be placed in service by 2027. And our 2023 Solar RFP targeting 1400 megawatts was recently approved by the NCUC, with bids to be received later this year. Following the resource plan filings, each commission will hear from interested parties through a transparent regulatory process as they consider our proposals. We expect an order from the South Carolina Commission in mid ‘24, and an order from the North Carolina Commission by the end of ‘24. Turning to Florida, we're executing us on our investment plan to benefit customers. We've added 300 megawatts of new solar this year and now operate 1200 megawatts in the state, with plans to continue adding about 300 megawatts per year over the next decade. We’re hardening the grid through our storm protection plan and already seeing benefits from improved reliability. With robust customer growth and timely recovery of investments, our Florida utility continues to deliver strong returns. In Kentucky we've partnered with Amazon to install a two megawatt solar plant on top of their fulfillment center in Northern Kentucky, the largest rooftop solar site in the state. This partnership supports the carbon reduction goals of both Duke Energy and Amazon. And it's just one example of how we're working with our customers to meet their energy needs. Turning to Indiana, I'd like to take a moment to thank the nearly 2000 crew members that work tirelessly over the July 4 Holiday following multiple storms. The widespread storm systems extended across ou”
Verify independently
SEC filings for DUK ↗ · Claim quote is verbatim from the 2023Q2 earnings call.