Tag Archive for: #dukeenergyprogress

Duke Energy

TownTalk: Duke Energy and VGCC Foundations Support Small Business

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The Vance Granville Community College Foundation has received a $50,000 grant award from Duke Energy Foundation to support small business growth in the four-county area it serves.

And community college officials have come up with a creative way to make sure that the money is equitably distributed to do the most good.

The VGCC Foundation was one of 21 community organizations from across the state to share in $700,000 in this round of funding, said Beth Townsend, Duke Energy local government and community relations manager. Since it was established in 2020, the program has given more than $2 million in grant funds to small businesses across the state.

Townsend was a guest on Wednesday’s TownTalk, and was joined by VGCC’s Carolyn Perry, director of the Small Business Center, and Kyle Burwell, dean of Business and Industry Solutions, who provided details about how the money would be used.

The VGCC Small Business Center will select grant fund recipients through a series of workshops, one based in each of the four counties the college serves. Each workshop session will be comprised of four evening classes for a total of 10 hours of instruction. The sessions will culminate with a five-minute pitch contest, after which five of the session’s 10 participants will receive a $2,500 award to support their small business.

Workshop dates and locations are as follows:

  • 16–19: VGCC South Campus, Creedmoor
  • 30 – Oct. 3: VGCC Main Campus, Henderson
  • 7–10: VGCC Warren Campus, Warrenton
  • 14–17: VGCC Franklin Campus, Louisburg

Perry said there are just a few requirements to participate – applicants must be 18 years old and must be residents of the county of the workshop they sign up for. Only one participant per household is allowed and anyone associated with VGCC is not eligible to take part, she said.

If you do a little quick math, $50,000 divided by 4 equals $12,500. There will be 20 awards – 5 per county – which means that each grant will be $2,500.

The first three days of the process will involve coaching and developing a plan that will be pitched on day 4, Perry said, sort of like TV’s “Shark Tank.”

VGCC leaders have devised a creative way to help small business owners come up with innovative ways to infuse capital into their endeavors.

“When you start off with some capital,” said Burwell, you increase a business’s survival rate, not to mention provide stability and create additional employment opportunities. She said it’s a way to help businesses learn how to use funding and market themselves, which creates “a true impact for all of our communities.”

Perry said the Number One question she gets from entrepreneurs who seek advice and help from the Small Business Center is “Can you tell me where there are some grant dollars for my business?”

Owners of retail shops, restaurants and other small businesses looking to expand, their business, upgrade technology, improve marketing or downtown storefronts are just the kind of participant VGCC’s Small Business Center is looking for.

“We want to see how creative they’ll be,” Perry said. The timing right before the holidays could prove extra helpful; some small businesses depend on a brisk holiday sales season to boost their bottom line.

“Small businesses remain the backbone of the U.S. economy, and in rural areas, they also serve as the heartbeat of our local economies,” noted VGCC President Dr. Rachel Desmarais. “This monetary commitment enables Vance-Granville Community College to promote the entrepreneurial mindset and support budding small business ideas into real businesses within our larger community.”

To learn more about this program and participant requirements, contact Perry at 252.738.3240 or perryc@vgcc.edu.

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Duke Energy

TownTalk: Duke Energy Progress

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As the wind and rain from Tropical Storm Debby continued to pelt the entire WIZS listening area Thursday morning, Duke Energy officials said power outages were limited at that time around Henderson and Vance County.

Duke Spokesman Garrett Poorman reminded customers to think Safety First. There are several ways to report a power outage in your area, but thanks to advances in grid technology, phone calls and text messages aren’t the only ways that the energy company is alerted to outages.

Report outages at www.duke-energy.com, text “OUT” to 57801 or download the Duke Energy app on a mobile device, he said on Thursday’s TownTalk. Of course, customers can dial 800-POWERON (800.769.3766) too, he said.

“The first priority is safety when it comes to storm damage,” Poorman said. That’s for crews and for customers.

Whenever winds are greater than 30 mph, crews are grounded from performing work in bucket trucks, he said.

And a couple of words of advice that bear repeating: if you see a downed power line, just stay away from it.

Even as forecasters were predicting the storm’s path, Duke was assembling 7,500 workers in strategic positions across the Carolinas, poised to fan out to areas affected by the storm’s damaging wind and rain.

Power restoration is a complex process, Poorman said, and Duke is continually upgrading the grid system to be able to automatically detect outages so crews can pinpoint the area that needs repair.

And then there are advances like a “self-healing network,” Poorman said, which works much like a GPS in your car. If there’s a traffic jam ahead, your GPS will likely reroute you to an alternate route. The self-healing network applies the same concept – it reroutes the energy to avoid the damaged lines.

“We’re able to reroute power around the outage,” Poorman said, “that will help us minimize the impact of a storm like this.”

Get updates at www.duke-energy.com.

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The Local Skinny! Duke Energy Carolinas Carbon Plan

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Duke Energy is hosting the second in a series of three stakeholder meetings as it continues to develop its Carolinas Carbon Plan which is due to regulators in May 2022.

In a statement from Duke Energy’s District Manager Tanya Evans, the virtual meeting is scheduled to begin at 9:30 a.m. on Wednesday, Feb. 23.

The first stakeholder meeting was held on Jan. 25, 2022 and the third meeting is scheduled for March 22.

“The Carolinas Carbon Plan will serve as a roadmap for modernizing our energy system, reducing risks for customers and reducing emissions from power generation,” Evans said in the statement. The plan targets a 70 percent carbon reduction by 2030  and is set to achieve net-zero carbon emissions by 2050. The reductions will be made while Duke Energy continues “to prioritize the affordability and reliability that our customers depend on.”

Input gathered at the three meetings will help the energy company design and shape the initial proposal to the N.C. Utilities Commission.

Click the date to register for the virtual meeting: Feb 23, 2022.

In addition, visit duke-energy.com/CarolinasCarbonPlan to read updates.

The Utilities Commission must develop a carbon plan by the end of 2022 and Duke Energy is required to present its proposed plan by mid-May 2022 as part of the process.

Duke Energy

Duke Energy Progress Wants To Pass Fuel Savings On To NC Customers

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-Press release and additional information courtesy Tanya Evans, District Manager, Duke Energy

In an email to WIZS News and other media outlets, Evans said, “I am sharing a bit of good news regarding electric rates. Due to fuel savings achieved from the joint dispatch of our generation fleet (one of the advantages of the merger several years ago), we are proposing an adjustment to our fuel rate in order to pass those savings along to our customers.”

Duke Energy Progress files annual adjustments with North Carolina Utilities Commission for customers in North Carolina

If approved, typical residential customers will see their monthly bills go down $4.

RALEIGH, N.C. – Duke Energy Progress today made its annual filings with the North Carolina Utilities Commission (NCUC) for costs associated with fuel, compliance with the state’s renewable energy portfolio standard (REPS), cost recovery under the Joint Agency Asset Rider (JAAR), and implementation of energy efficiency (EE) and demand-side management (DSM) programs.

In its filing, Duke Energy Progress is proposing a decrease in monthly fuel costs as part of an annual adjustment of the actual cost of fuel used to power North Carolina homes and businesses through renewable, natural gas, nuclear and coal-fired generation. By law, the company makes no profit from the fuel component of rates.

The fuel rate is based on the projected cost of fuel used to provide electric service to the company’s customers, plus a true-up of the prior year’s projection. The NCUC is responsible for reviewing the actual fuel costs required to serve customers to ensure an accurate adjustment is made each year.

The percentage change on a typical bill would be an average decrease of 3.3 percent for residential customers, 4.4 percent for commercial customers and 1.9 percent for industrial customers. The total monthly impact of all rate changes for a typical residential customer using 1,000 kilowatt-hours (kWh) per month would be a decrease of $4, from $120.95 to $116.95.

The new fuel, REPS and JAAR rates would go into effect Dec. 1, 2019, and the new EE and DSM rates would go into effect Jan. 1, 2020.

Helping customers save

Duke Energy Progress works to actively manage its fuel contracts to keep fuel costs as low as possible for customers. Savings achieved from the joint dispatch of Duke Energy’s generation fleet in the Carolinas also help to minimize the company’s fuel costs.

Duke Energy Progress is also committed to helping customers take control of their energy use and manage their bills. The company offers energy-saving tips and innovative efficiency programs for every budget to help customers realize additional savings.

For example, the Home Energy House Call is a free in-home energy assessment, valued at $180, designed to give Duke Energy customers more information about how they use energy in their home and strategies to save money on their monthly bill.

To learn more about these programs, visit duke-energy.com/savings.

Duke Energy Progress

Duke Energy Progress, a subsidiary of Duke Energy, owns nuclear, coal, natural gas, renewables and hydroelectric generation. That diverse fuel mix provides about 12,700 megawatts of owned electric capacity to approximately 1.6 million customers in a 32,000-square-mile service area of North Carolina and South Carolina.

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.

Duke Energy is transforming its customers’ experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit’s regulated utilities serve approximately 7.7 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.

Duke Energy was named to Fortune’s 2019 “World’s Most Admired Companies” list, and Forbes’ 2019 “America’s Best Employers” list. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

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