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Duke Energy, Amazon, Google, Microsoft and Nucor agree to develop new tariffs to unlock clean-energy generation
Transactions - MAY 30, 2024

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Duke Energy, Amazon, Google, Microsoft and Nucor agree to develop new tariffs to unlock clean-energy generation

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Duke Energy, Amazon, Google, Microsoft and Nucor have agreed to explore new, innovative approaches to support carbon-free energy generation and help utilities serve the future energy needs of large businesses in North Carolina and South Carolina. The announcement was made at the White House Summit on Domestic Nuclear Deployment.

In memorandums of understanding (MOUs) signed this month, the companies proposed developing new rate structures, known as tariffs in the utility industry, designed specifically to lower the long-term costs of investing in clean-energy technologies, such as new nuclear and long-duration storage, through early commitments.

The proposed Accelerating Clean Energy (ACE) tariffs would enable large customers such as Amazon, Google, Microsoft and Nucor to directly support carbon-free energy generation investments through innovative financing structures and contributions that address project risk to lower costs of emerging technologies. ACE tariffs woul

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