Duke Energy is considering additional investments in solar projects in Florida and the Carolinas as it reels from a US$1.6 billion expense related to the cancellation of the Atlantic Coast Pipeline (ACP).
The US-based utility and partner Dominion Energy scrapped plans for the ACP last month due to delays and increasing cost uncertainty, which threatened the economic viability of the project.
Despite being “disappointed” in the outcome, Duke CEO Lynn Good said she believes the decision to cancel is in the best interest of shareholders and customers, adding that the company is “actively pursuing other infrastructure plans to support eastern North Carolina”.
