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Reuters: Duke pauses assessment of US energy loan program ahead of Trump administration
https://www.reuters.com/business/energy/duke-pauses-assessment-us-energy-loan-program-ahead-trump-administration-2024-12-02/Duke pauses assessment of US energy loan program ahead of Trump administration
By Reuters
December 2, 2024 5:05 PM EST
NEW YORK, Dec 2 (Reuters) - Duke Energy is pausing its assessment of certain U.S. energy infrastructure improvement loans, citing uncertainty over the future of funding under the Trump administration, according to a filing from last week.
The electric utility told North Carolina regulators in a letter on Nov. 27 that it would put on hold its work to determine the costs and benefits of tapping into the federal Energy Infrastructure Reinvestment Program.
"It is in the best interest of customers to pause any further efforts or expenditures until February, following the appointment of the new administration to gain clarity on the future of the EIR Program," Duke said in its filing with the North Carolina Utilities Commission.
The EIR includes low-interest loans, under the Inflation Reduction Act, to help companies transition away from high-carbon-emitting power sources like coal to cleaner or more efficient energy systems.
…
By Reuters
December 2, 2024 5:05 PM EST
NEW YORK, Dec 2 (Reuters) - Duke Energy is pausing its assessment of certain U.S. energy infrastructure improvement loans, citing uncertainty over the future of funding under the Trump administration, according to a filing from last week.
The electric utility told North Carolina regulators in a letter on Nov. 27 that it would put on hold its work to determine the costs and benefits of tapping into the federal Energy Infrastructure Reinvestment Program.
"It is in the best interest of customers to pause any further efforts or expenditures until February, following the appointment of the new administration to gain clarity on the future of the EIR Program," Duke said in its filing with the North Carolina Utilities Commission.
The EIR includes low-interest loans, under the Inflation Reduction Act, to help companies transition away from high-carbon-emitting power sources like coal to cleaner or more efficient energy systems.
…
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