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Duke Energy Small Business Energy Saver Program

Duke Energy Small Business Energy Saver Program – CHARLOTTE, N.C., May 9, 2016 // — Duke Energy Corporation (NYSE: DUK ) and Duke University today announced a partnership that will bring greater benefits to the University and the surrounding community. Cleaner, more efficient energy.

Under the proposed 35-year agreement, approved by the North Carolina Utilities Commission (NCUC), Duke Energy Carolinas intends to own, construct and operate a 21 megawatt (MW) gas-fired cogeneration plant at Duke on the Durham University campus.

Duke Energy Small Business Energy Saver Program

Duke Energy Small Business Energy Saver Program

If approved, the plant would use waste heat from electricity production to produce the heat and steam needed by the university, making it one of the most efficient generating assets in Duke Energy’s fleet. Power will be diverted back to Duke Energy’s grid, serving the University and nearby customers.

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“This project will provide the community with a cleaner, more diverse energy mix and provide thermal value to the University,” said David Fontaine, president of Duke Energy North Carolina. “This innovative approach brings many benefits to a large customer like Duke University and is a profitable generation asset for Duke Energy and our customers in North Carolina.”

In addition to its 21 megawatts of electricity, the facility will be able to generate about 75,000 pounds of steam per hour, which will be sold to Duke University for hot water, among other things. The cogeneration facility will be connected to an existing on-campus Duke Energy substation that serves the university and its medical center, as well as other customers.

“This partnership will add value to Duke University and accelerate our progress toward climate neutrality,” said Tallman Trask III, vice president of Duke University. “By combining steam and power generation systems, we can increase efficiency and reduce millions of units of energy consumption and have a positive impact on the entire community.”

By replacing the electric baskets and boilers currently serving the university, the project will reduce Duke’s energy-related carbon emissions by approximately 25%. In the future, the project could also be used to isolate critical loads on campus, providing a way to improve the reliability of hospitals and clinics as secondary primary power sources.

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Duke Energy Carolinas will apply to NCUC for a Certificate of Utility and Project Necessity. If approved, the project – about $55 million – is expected to be operational in 2018.

Duke Energy and Duke University are separate organizations – both affiliated with prominent businessman James B. Duke (1856-1925).

Sometimes called combined heat and power, combined heat and power systems produce electricity and usable heat in one system. Heat normally wasted in conventional power generation is recovered – avoiding losses that would otherwise occur. A CHP system is more efficient than performing the same tasks in a separate system.

Duke Energy Small Business Energy Saver Program

“Advances in technology make this type of system attractive to other large customers with similar power and related energy needs,” Fountain added. “We are pleased to offer this service.”

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Headquartered in Charlotte, North Carolina, Duke Energy is an S&P 100 company listed on the New York Stock Exchange under the ticker symbol DUK. For more information on the company, visit duke-energy.com.

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The Duke Energy Press Center provides media resources for journalists, including press releases, helpful links, photos and videos. Presented by Duke Energy, Illumination is an online destination for stories about extraordinary people, innovation, community and environmental topics. It also offers a glimpse into the past and insight into the future of energy.

Duke University is consistently ranked among the world’s leading institutions of higher education. Duke University educates 6,500 undergraduate and 8,500 graduate and undergraduate students across ten colleges and schools, and has more than 160,000 alumni. While Duke’s campus in Durham spans nearly 9,000 acres, the university’s reach includes partner institutions in Singapore, China and many other countries. With more than 36,000 faculty and staff, Duke University and the health care system is the second largest private employer in North Carolina. County Center place 876 Skyland Dr, Suite 6, Sylva, NC 28779 Hours: Mon-Fri 8A-4:30P (828) 586-4009 Phone

The county central office is open Monday through Friday, 8:00 am to 4:30 pm. Call 828-586-4009 to make an appointment with one of our agents.

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Duke Energy Small Business Energy Saver Program

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We invite you to attend on Thursday 14 November 2019 from 11:00 am to 13:00 pm. At the Franklin Chamber of Commerce, we provide energy efficiency programs for farms and rural businesses. In a November 2017 interview, Duke Energy CEO Lynn Goode said, “Affordability really matters, low disposable income or you’re an industrial company competing with Georgia or China or Latin America . . . so we can’t escape affordability”1

Duke made “affordable energy” a priority in its 2018 Sustainability Report2, even pointing to compliance with the United Nations Sustainable Development Goals, which list “affordable and clean energy” as key to eradicating poverty elements, with an emphasis on “access to basic services”3

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However, in November 2018, Duke Energy sought to increase the flat monthly fee for its South Carolina customers — a flat fee for connecting to the company’s system, regardless of how much electricity the customer uses — from $8.29 to $28. The State Utilities Commissioner is incredible.

In May 2019, the commissioners more than halved the required increase, saying it would deter customers from investing in solar panels or energy efficiency and, by reducing customers’ control over their bills, might actually encourage more energy consumption. They said Duke executives were “‘turning a deaf ear’ to the 238% increase. . . would negatively impact seniors, people with disabilities, low-income clients, and low-user clients”4

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Do Duke Energy executives really care about affordability for low-income customers? A comprehensive analysis of Duke’s low-income policies and programs in six states—the Carolinas, Indiana, and much of Florida, and smaller portions of Ohio and Kentucky, totaling 7.7 million residents and businesses—shows :

Duke serves 6.1 million individual customers across its monopoly territories in the Carolinas, Florida, Ohio and Indiana. The Environmental Working Group applied the Department of Energy’s Low Income Energy Affordability Data (LEAD) tool to all censuses in these areas5 and calculated that more than 1.2 million people lived in poverty at the 2018 federal poverty level of $25, 100 people per household four.6 This means that approximately 20 percent of Duke clients live in poverty, compared to approximately 12 percent nationally7. (See Annex Table 1 for details)

Each year, the research firm Fisher, Sheehan & Colton, or FSC estimates the household energy “affordability gap” in every county in the country. The affordability gap is the difference between what households can afford for energy and what people actually pay for energy. The FSC says households should spend no more than 6% of their income on heating, cooling, lighting and appliances8. Their calculations are based on the number of households that fall below 150 percent of the poverty level used to determine eligibility for assistance through the federal Low Income Home Energy Assistance Program (LIHEAP). 9

Duke Energy Small Business Energy Saver Program

After calculating each state’s affordability gap, FSC evaluates assistance provided by LIHEAP, which is funded annually by Congress, and compares it to actual financial need. In 2018, FSC calculated a national household energy affordability gap of more than $51 billion. LIHEAP hasn’t begun to fill the gap: Its funding in 2018 was only about $3.6 billion. 10

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In Duke Energy’s monopoly region, FSC’s analysis using DOE’s LEAD tool to estimate 150 percent of poor households shows an affordability gap in the Duke region of just over $1.4 billion. FSC estimates that only 7 percent of LIHEAP-eligible households actually receive it. From this, we calculated that of the 2.1 million LIHEAP-eligible households in Duke Territory, approximately 150,000 actually received it.

Duke has been doing little to close the affordability gap

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