New Price Tag Is A Stop Sign For Cliffside Project
FOR IMMEDIATE RELEASE
Contact:
Michael Shore, Senior Air Policy Analyst, (828) 582-3141, mshore@environmentaldefense.org
(November 16, 2006 - Raleigh, NC) Duke Energy Carolinas today announced that its proposed coal-fired Cliffside Project will cost $3 billion. Last June Duke Energy said the project would cost $2 billion. The following statement on the $1 billion rise in cost can be attributed to Michael Shore, senior air policy analyst with the North Carolina Office of Environmental Defense.
“The revised $3 billion price tag is a big red stop sign for the Cliffside project. The $1 billion increase is mind boggling. It should send Duke Energy and the utility commission running back to the drawing board to re-think how to meet energy demand in this state.
“The cost of clean, renewable energy keeps on coming down, but the cost of dirty coal keeps on rising. Energy efficiency and local renewable energy sources will enable us to meet demand and keep prices low.”
One of the world’s leading international nonprofit organizations, Environmental Defense Fund (edf.org) creates transformational solutions to the most serious environmental problems. To do so, EDF links science, economics, law, and innovative private-sector partnerships. With more than 3 million members and offices in the United States, China, Mexico, Indonesia and the European Union, EDF’s scientists, economists, attorneys and policy experts are working in 28 countries to turn our solutions into action. Connect with us on Twitter @EnvDefenseFund
Latest press releases
-
Court Should Deny Shadow Docket Requests to Block Methane Pollution Limits
September 20, 2024 -
CFTC Guidance will Strengthen Voluntary Carbon Credits
September 20, 2024 -
Navajo Nation takes significant action to cut methane, assert tribal sovereignty
September 19, 2024 -
Houston-area High School Students Selected as Winners in Environmental Defense Fund Video Contest
September 16, 2024 -
New Bill Would Help Congress Better Understand Legislation’s Climate Impacts
September 12, 2024 -
Hydrogen Blending in New York Gas Pipelines Undermines State Climate Goals
September 12, 2024