Duke Energy Corp. Chief Executive Lynn Good said Thursday the company is making rapid clean energy progress.

Ms. Good, speaking at Duke's annual shareholder meeting, said the energy company surpassed 10,000 megawatts of owned, operated or purchased renewables on its system.

Duke remains on track to reach 16,000 megawatts of renewables by 2025 and 24,000 megawatts by 2030, she added.

The company also continues to retire coal. It retired almost 1,000 megawatts of coal between the Carolinas and Indiana, Ms. Good said, bringing the total retired since 2010 to 7,500 megawatts.

Duke intends to deliver a carbon plan to the North Carolina Utilities Commission later this month, mapping out a variety of paths to achieve a 70% carbon reduction, Ms. Good said.

"We look forward to continued progress on our goals across our jurisdictions -- retiring coal units, adding renewables and battery storage, investing in the grid, advocating for new zero-emission technologies, and collaborating with state and federal policymakers, regulators and stakeholders to meet the unique needs of each state," Ms. Good said.


Write to Stephen Nakrosis at stephen.nakrosis@wsj.com


(END) Dow Jones Newswires

05-05-22 1834ET