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Clearwater council weighs exiting Duke Energy Clean Energy Connection after staff review shows long payback
Summary
After staff analysis showing the city has spent about $2.1 million with roughly $1.75 million in credits (a $383,401 shortfall) and revised payback projections, councilmembers signaled support for reconsidering participation in Duke Energy's Clean Energy Connection and asked staff to return with options and timing for exit.
City councilmembers on June 2 discussed whether Clearwater should continue participating in Duke Energy's Clean Energy Connection program after a staff review found the program's financial outcome is substantially less favorable than originally pitched.
Council member J. McCotton opened the conversation with staff calculations covering 32 months of participation (Aug. 2022 to March 2025). The city has paid program fees totaling about $2,100,000 and received roughly $1,747,000 in credits to date, leaving a net shortfall of about $383,401. Staff reported an internal projection that the city would reach break-even in 15 years (February 2037) and full payback in 27 years (2049), which is substantially longer than the 5- and…
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