As we look ahead, we see increasing opportunities for Duke in natural gas - not just for producing electricity, but in providing gas for our customers. We have been investing in renewables as well throughout the U.S.
Sentiment: POSITIVE
The way we grow is, we make investments. We've been building a natural-gas platform within Duke that started with the pipelines.
What we are investing in, from a generation standpoint, are renewables and natural gas.
Through Duke Energy's strong balance sheet and electric generation expertise, and Piedmont's understanding of natural gas markets and proficient operations, the combined company will be well-positioned for a future that may require additional natural gas infrastructure and services to meet the needs of our customers.
Natural gas is the future. It is here.
We do have serious energy needs for the country, we are aware that natural gas is especially in demand because of its air quality benefits: 90 percent of new power plants have been natural gas-powered.
We've recognized that natural gas would be the fastest-growing of the conventional fuels: oil, natural gas, coal. And so, we see the important role that natural gas will play globally and, more importantly, the important role it will play in the U.S. in terms of meeting future energy demand.
We see natural gas as an important part of the electricity generation mix for many decades to come.
We are already witnessing a transformation in the U.S. economy to increased production of lower carbon energy through fuel switching to natural gas and expansion of wind, solar, geothermal, and other renewable non-carbon intensive energy sources.
Whether fuel cell system development in central Oregon, wind power generation along the Columbia Gorge, or geothermal energy in southern Oregon, investing in new energy sources makes America more energy independent while creating good paying, environmentally friendly jobs.
If we don't continue to pursue alternative, emissions-free energy sources like nuclear fuel, we are at risk of increasing our dependence on costly natural gas.
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