Regulators dismiss bid to stop $1 billion Asheville gas plant

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North Carolina electricity regulators have dismissed a bid to stop a $1 billion natural gas power plant because opponents didn’t post a nearly $100 million guarantee to cover costs of construction delays, the Associated Press reports.

The North Carolina Utilities Commission on Aug. 2 dismissed an appeal by the advocacy groups NC WARN and the Climate Times.

The commission in March approved the Asheville power plant to replace a coal-burning Duke Energy Corp. plant.

Regulators told the groups to post a $98 million bond to appeal the decision, estimating the resulting construction delay would raise costs by that amount. The groups didn’t post the bond.

Durham-based NC WARN called the high bond a way to thwart reconsideration of a power plant that ties consumers to fossil-fueled power for decades instead of shifting to renewables.

Image from Duke Energy website.

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