Duke Energy 2006 Annual Report Download - page 23

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DUKE ENERGY 2006 SUMMARY ANNUAL REPORT 21
Solving the new energy equation
It is clear that we need to invest in enhanced reliability and in the expansion
of our capacity to generate electricity to meet growing customer demand.
We know that investments in new state-of-the-art generation, renewables
and energy efficiency can be made reasonably with appropriate and timely
cost recovery.
Historically, regulators have rewarded utilities for selling more of their
product, not less. To solve the new energy equation, we need to change
minds about the types of investments that should be eligible for recovery
through rates.
We are especially interested in building public support for investments in
energy efficiency — the “fifth fuel,” which lowers overall customer demand
and reduces or eliminates greenhouse gases and other emissions.