“The filing included details about our annual solar procurement, which targets over a gigawatt of new solar each year beginning in 2027.”

In context

“ties as we lead the nation's largest energy transition. In mid-August, we filed our updated resource plan with the Public Service Commission of South Carolina and the North Carolina Utilities Commission. The single unified resource plan for the Carolinas is designed to meet the needs of this growing region, spurred by rapid population growth and significant economic development activity. The plan maintains an all of the above strategy with a diverse deployment of additional resources, including renewables, battery storage, and natural gas as well as energy efficiency and demand side management. It also provides the opportunity to evaluate emerging technologies, pursue an early site permit for advanced nuclear and early development activities for expanded pumped storage hydro at Bad Creek. The filing included details about our annual solar procurement, which targets over a gigawatt of new solar each year beginning in 2027. It also outlines plans to build additional natural gas generation to maintain reliability and affordability as coal plants are retired. Since the resource plan filing, we filed pre-CPCNs with NCUC, for a combined cycle plant on September 1 and combustion turbines on November 1. We will make our full CPCN filings in the first quarter of 2024. Similar to previous filings, the Carolinas resource plan is based on significant stakeholder engagement and outlines multiple portfolios, each of which preserve affordability and reliability while transitioning to cleaner energy resources. Next steps will include hearings in both states in the spring of 2024. We expect an order in South Carolina in mid-'24 and an order in North Carolina by the end of '24. Turning to Slide 7. With the closing of the co”