For starters, it is worth clarifying that utilities LIKE many green mandates because they get to ramp up electricity prices for all those “renewables: which means bigger profits for them and their companies.
That said, those energy companies STILL need to provide reliable electricity. So, when the head of Duke Energy, one of America’s largest utility’s says, “Net-Zero emissions can’t be achieved without nuclear power,” it is worth paying attention.
Gov. MLG wants the Democrat-controlled New Mexico Legislature to adopt legislation during the 2022 session to make New Mexico “net zero” CO2 emissions by 2050. Did she discuss nuclear energy? No, of course not. Instead, thanks to New Mexico’s Energy Transition Act, passed in 2019 at the behest of our Governor, PNM is in the process of abandoning nuclear and will get out of leases it currently has with the Palo Verde nuclear plant in Arizona in 2023 and 2024.
Duke Energy’s CEO further elaborated on the issue, saying, “I want to keep that nuclear fleet operating as long as I possibly can because I don’t have an alternative of a carbon-free resource that runs 95% of the time, which is what nuclear represents today.”