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US energy giant sounds alarm on Biden’s climate rules targeting power plants [Video]

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Oil and Gas Industry News

Duke Energy, one of the nation’s largest energy providers, is warning that the Biden administration’s newly finalized power plant regulations will threaten the reliability and affordability of power supplies.

The North Carolina-based company — which serves more than eight million residential and commercial customers across several states, mainly in the Southeast — warned that the regulations could further present challenges given the growing electricity demand nationwide. On Thursday morning, the Environmental Protection Agency (EPA) and the White House unveiled the rules targeting fossil fuel-fired power plants.

“Duke Energy’s 8.4 million customers expect and deserve affordable, reliable and increasingly clean energy,” Duke Energy spokesperson Kaitlin Kirshner said in a statement to Fox News Digital. “Our charge — and we believe the charge of policymakers — is to optimize those three customer needs — not solve for one.”

“The final rule presents significant challenges to customer reliability and affordability, as well as limits the potential of our ability to be a global leader in chips, artificial intelligence and advanced …

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