Duke Energy Corp. boosted spending plans on carbon-free power after a law in its home state mandated deep cuts in greenhouse-gas emissions.
Duke, one of the largest U.S. electric utilities, raised its five-year capital spending plan about 7% to $63 billion, it said in a fourth-quarter earnings statement Thursday. The increase is mostly on new renewable generation and was driven by the North Carolina law, Chief Financial Officer Steve Young said in an interview.
