Duke Energy saw earnings fall last year, and it expects lower earnings than analysts have projected next year. Still, many on the company’s earnings call Wednesday were upbeat.

Ben Bradford / WFAE

Just south of Morehead Street in Dilworth, construction crews work in an enormous hole, 30-feet wide and 30-feet deep. Wood slats and metal bands support the walls, like the inside of the world’s largest wine barrel. A pump sucks a pool of storm water out of the bottom. Cranes and dump trucks surround the hole, while a small machine tunnels at the bottom, moving forward about four feet per day.

REC Solar

Duke Energy has expanded its investment in solar energy, and will enter a new facet of the industry: solar panels on the roofs of businesses.

The North Carolina Senate is moving to fix a problem with the state’s new Coal Ash Management Commission. Lawmakers created the commission last year to oversee clean-up and closure of Duke Energy’s coal ash ponds around the state, but an error in the bill has left the commission short on funds.

Three months after its first meeting, the Coal Ash Management Commission still doesn’t have the funds to hire half of its five-member staff, because of what commission chairman Michael Jacobs calls a “glitch” in the law.

Bureau of Ocean Energy Management

The Obama administration has released its latest plan for oil and gas drilling off-shore the United States. It excludes restricts Alaska, but opens up parts of the Atlantic Ocean, including off the coast of North Carolina.

While North Carolina is ramping up to close coal ash ponds around the state, removal is already underway in South Carolina, and—at one site—ahead of schedule.

South Carolina electric utility Santee Cooper entered a settlement with environmental groups in 2013, to get its coal ash—which can contain arsenic and lead—out of storage ponds near public waters.

Lower-income customers of Duke Energy in North Carolina can now apply for energy-saving upgrades to their homes. A $20 million program funded by Duke Energy opened this week, the result of a deal Duke agreed to when it last raised rates.

Strata Solar

North Carolina energy regulators quietly released one of their most significant, long-awaited decisions of 2014, just as the year was ending. The state Utilities Commission had spent nearly the entire year re-evaluating the rules for solar energy. On Wednesday, the commission decided to leave substantially intact the rules which have underlied a solar energy boom in North Carolina.

Elliot Brown / Flickr

Electric utilities and solar energy developers across the U.S. have clashed over how much the utilities should have to pay for the energy supplied to them by homeowners with solar panels. In South Carolina, the sides reached an agreement Friday and both are claiming a win.

Duke Energy

Slow energy demand and carbon emission cuts are putting major pressure on the power industry, a top Duke Energy executive said today. Chief Financial Officer Steve Young spoke at a Wells Fargo energy conference about challenges facing coal, solar, wind, and nuclear energy.