Electricity Demand Is Surging. Let’s Not Fry the Planet in Response. [The New York Times]
Dominion Energy, Inc. (D)
Last dominion energy, inc. earnings: 2/11 07:30 am
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Source: The New York Times
Electric utilities from Georgia to Wisconsin to Virginia are predicting a dizzying surge in power demand from new industrial facilities, electric vehicles and, most of all, thedata centersTo keep the lights on, many utility companies are proposing to build dozens of new power plants that burn natural gas. North Carolina-based Duke Energy alone wants to add8.9 gigawatts of new gas-fired capacityIf state regulators sign off on these plans, they will be gambling with our country’s future. We need to electrify everything from cars to appliances to slow climate change, but we won’t be able to reach our climate goals if we power all of those machines with dirty energy.There is a better way. But to get there, legislators will need to overhaul the incentives driving utilities to double down on natural gas, so that they can turn a profit without cooking the planet.Companies like Duke, Dominion Energy and Georgia Power argue that they need more gas-fired plants to reliably provide power during
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D
Earnings
- 5/2/24 - Miss
D
Sec Filings
- 5/20/24 - Form SC
- 5/20/24 - Form 8-K
- 5/8/24 - Form 4
- D's page on the SEC website