Duke Energy
Brian Savoy is the CFO of Duke Energy.
The CFOs of Exelon, Duke Energy, and PSEG discussed resilience investments and customer affordability.
PUF's Steve Mitnick: Why is investing in resilience so important for Duke Energy?
Brian Savoy: A strong, resilient power grid is fundamental to serving our customers with excellence. We look at all climate risks associated with our system but focus on wind, flooding, and heat, which are primary factors that impact our jurisdictions.
Through advanced data and analytics, we can pinpoint areas of our grid to focus our strengthening and resiliency work. These can include areas that have had an increased number of outages, areas that are prone to flooding — or might be years from now — because of climate impacts over time, and areas that might have increased technological needs from distributed generation and electrification.
We take all this data and focus our investments on those areas that have the highest customer impact, and we call it the green circuit. That's our approach. We look at the entire circuit and if we're going to upgrade a circuit, we look at every element of it.