Duke Needs 'Another Project' If Atlantic Coast Pipeline Fails, CEO Says

The transcript discusses the Atlantic Coast Pipeline project, highlighting its importance for economic development and energy diversification. Despite facing legal challenges and cost increases, the commitment to the project remains strong. Alternative plans are considered if delays persist. Contracts with customers are in place, with risk management strategies to address potential issues. The impact of climate change, particularly hurricanes in the Southeast, is also addressed, emphasizing the need for grid resiliency and adaptation.

What is the primary purpose of the Atlantic Coast Pipeline?

• To provide water supply to drought-prone areas

• To transport oil from Texas to Florida

• To carry shale gas from West Virginia to North Carolina

• To deliver renewable energy across the Midwest

What is a significant challenge mentioned in the development of the Atlantic Coast Pipeline?

• Opposition from local communities

• Environmental review challenges

• Shortage of construction materials

• Lack of investor interest

What is a potential Plan B if the Atlantic Coast Pipeline becomes too costly or delayed?

• Building a new pipeline from eastern to western North Carolina

• Abandoning the project entirely

• Importing natural gas from Canada

• Switching to solar energy

How does the company plan to manage costs during construction delays?

• By renegotiating contracts with suppliers

• By increasing the project budget

• By minimizing costs during the suspension period

• By halting all construction activities

What natural disaster is more prevalent in the Southeast compared to California?

• Wildfires

• Earthquakes

• Tornadoes

• Hurricanes