Electric Cooperatives Evaluating Impact of Clean Power Plan
August 4th, 2015
By James Taylor
Sanford, N.C. (Aug. 4, 2015) – North Carolina’s electric cooperatives, including Central Electric, are studying the Environmental Protection Agency’s (EPA) recently released Clean Power Plan to determine its impact on cooperative member-consumers.
On Aug. 3, the EPA released the final version of the Clean Power Plan which aims to reduce carbon emissions nationwide and will transform the way energy is generated across the country. Each state is given a specific benchmark and is tasked with devising a plan to reduce carbon emissions to meet this goal.
The plan could mean big changes for Central Electric and the industry. As a not-for-profit cooperative, Central Electric has a goal of providing electricity at the lowest competitive cost, keeping our members first. Solutions that balance the environment and the economy will best represent the 22,000 Central Electric members.
Central Electric has a diverse portfolio of power resources through participation with 25 other North Carolina cooperatives as a part of the North Carolina Electric Membership Corporation. More than half of the power in its portfolio comes from emissions-free nuclear energy, with the remainder coming from natural gas, market purchases and renewables. This investment in a diverse portfolio will help mitigate the potential for extreme increases to Central Electric members and ensure the cooperative can continue to provide affordable, reliable, environmentally responsible power.
Central Electric, a Touchstone Energy Cooperative based in Sanford, NC, is a not-for-profit electric utility serving over 22,000 members in Chatham, Harnett, Lee, Moore and Randolph counties.