July 3, 2008
Duke Energy Carolinas and NC GreenPower Create Carbon Offset Program
Duke Energy Carolinas and NC GreenPower have created a carbon offset program for North Carolina customers interested in canceling out the CO2 produced from everyday activities.
Carbon offsets are created through projects that result in a reduction of carbon in the atmosphere. Carbon offsets are purchased from a third party and can neutralize carbon produced from energy-intensive lifestyles.
Duke Energy Carolinas's North Carolina customers can purchase a carbon offset for $4 a month, which represents 500 pounds of CO2, the equivalent of 500kWh of electricity. For the typical residential customer, the purchase of two carbon offsets for $8 a month would offset their average monthly consumption of 1,000kWh of electricity.
Duke Energy Carolinas will match the first carbon offset block purchased by customers from NC GreenPower up to $1 million through 2009. Carbon offset purchases will be reflected in a participating customer's monthly bill and passed directly to NC GreenPower.