Cheap natural gas prices could be around for a “long time,” says Duke Energy CEO Lynn Good. She runs the largest electric utility in the country, as Duke provides power for 23 million customers. She tells Fortune’s Susie Gharib that she has been increasing the use of natural gas at Duke Energy and closing down coal-powered plants as she seeks to modernize the electric grid.
She is also a big believer in building new nuclear power plants. Good credits Duke’s long history of providing nuclear generation for keeping the company’s overall prices 20% to 30% below the national average. She says nuclear “makes a lot of sense,” mostly because “it’s carbon free.”