Duke Energy to Reduce Investment in Alternative Energy

From the Charlotte Observer, "Duke Halves Its $100 Million Plan for Solar Panels."

Duke Energy has cut in half its $100 million plan to place solar-electric panels on hundreds of N.C. rooftops after consumer advocates for the state Utilities Commission called the proposal too aggressive and expensive.

Two takeaways from this move: 1) traditional energy (oil/gas) prices are going to continue to fall; and 2) cash (funding for alternative energy) must be conserved. Both of these factors obviate the need for aggressively funding solar-electric energy. More fall-out from the rapidly contracting economy.