Duke Energy 2006 Annual Report Download - page 24

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22
We are working to shift the paradigm in the way regulators
treat the business of energy efficiency and in the way
utilities develop and deliver such programs. We believe
utilities are uniquely positioned to provide universal access
to energy efficiency services and new technologies to their
customers. This would dramatically change the way utilities
develop and deliver energy efficiency programs as part of
their standard customer offerings.
To create a sustainable “fifth fuel” system resource
accessible by all customers, energy efficiency investments
must be on par with new generation investments.
STRIKING A BALANCE
Changing the regulatory paradigm will also help us avoid
some of the price jumps that can occur when a new plant,
project, initiative or program finally gets up and running.
Such constructive regulatory treatment would give us and
others in our industry further incentives to explore and
invest in these programs and projects.
BUILDING A CONSENSUS
To achieve this goal, we are collaborating with numerous
stakeholder groups. We hope to build a consensus that will
convince lawmakers and regulators that everyone wins with
appropriate regulatory treatment of investments in efficiency
and renewable energy.
Our new chief technology officer and new vice president
of energy efficiency and their teams are committed to
achieving success on these two fronts. They know that our
customers need innovative products and services to help
them better manage their energy costs and reduce their
own environmental footprints — while maintaining the
comfort and conveniences they want and expect.
We believe that this balanced strategy is a winning proposi-
tion for all stakeholders. Our customers will save money,
the environment will be cleaner and our investors will earn
fair returns on their investments.