Duke Energy / No Technology Can Replace Nuclear, Utility Boss Tells Summit

Low-carbon transition ‘will also need small modular reactors’
No Technology Can Replace Nuclear, Utility Boss Tells Summit
Lynn Good: ‘I do not have a technology that can replace nuclear power today.’ Courtesy Duke Energy.
There is no technology that can replace nuclear power today and carbon-based technologies are not the answer to price rises and limited supplies, Lynn Good, chief executive of Duke Energy, told CNBC’s Evolve Global Summit.

Duke Energy operates 11 nuclear plants* at six sites in North Carolina and South Carolina. Together, these facilities can generate about 10,700 MW. Duke Energy’s nuclear plants generate about half of the electricity for Duke’s customers 7.2 million customers in the Carolinas, with production costs among the lowest in the nation.

“I do not have a technology that can replace [nuclear power] today,” Ms Good said.

No energy technology should be the sole focus of a transition to clean energy, she said.

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