Duke Energy files proposal for phase II transportation electrification initiative in North Carolina
Duke Energy recently is looking to invest $56 million in programs to advance electric vehicles and transportation electrification in North Carolina.
The proposal, phase II of this initiative, was filed this week with the NC Utilities Commission. The first phase, a $25 million Phase I electric transportation pilot program, was approved last November.
“The move to an electric-driven transportation sector will include input from stakeholders from across North Carolina,” Stephen De May, Duke Energy’s North Carolina president, said. “Our filing reflects the best ideas we heard on how Duke Energy can spur that transition.”
This initiative will lead to more than 1,000 charging ports being installed in the state. It will also expand DC fast charging on state highways, charging at multifamily dwellings, and provide financial support to school systems to purchase 60 electric school buses. Further, it will support the continued development of the competitive market for DC fast charging by requiring multiple providers for the hardware and software. In addition, it will create a pilot for a tariffed EV charging program for residential and business customers. This will allow customers to install and operate EV charging stations for a low monthly rate, with the customer making all operational choices.
Also, the company filed for approval of a tariff that will provide credits to reduce the upfront cost of upgrading electrical systems to install charging infrastructure for homeowners and businesses.
“High upfront costs prevent our customers from unlocking the substantial benefits of EVs, and this challenge is especially prevalent for low- and moderate-income families,” Lon Huber, Duke Energy’s vice president of rate design and strategic solutions, said. “These new programs remove a key financial barrier to adoption, enabling everyone to benefit from the expanded use of electric vehicles.”
Collaborative stakeholder meetings in North Carolina will continue to review how the Phase II pilot programs are performing, said Huber. These meetings will feature discussions of innovative ways to expand the EV market, including additional rate designs and programs.
