Duke Energy Unit Proposes Solar Installations

A unit of Duke Energy Corp. wants to spend about $100 million to install solar panels to generate electricity at as many as 850 sites. The proposal, filed with the North Carolina Utilities Commission, aims to install the panels at schools, homes, stores and factories. If approved, Duke Energy Carolinas would spend two years installing the panels, which will add about 16 megawatts of power, enough to... 

Duke to pursue single coal plant

Duke Energy Corp. plans to move ahead with a controversial coal-fired power project in the Blue Ridge foothills, Chief Executive Jim Rogers said Thursday after the annual shareholders meeting. After nearly two years of debate, the N.C. Utilities Commission in February approved only one of the proposed two units for Duke’s Cliffside facility, about an hour’s drive west from Charlotte. Rogers... 

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EPA Proposal Adds Air Pollution, Environmentalists Say: How Output From Coal-Fired Plants Measured at Issue

Environmentalists who sued Duke Energy Corp. over upgrades at its coal-fired plants say a proposed EPA rule undermines their U.S. Supreme Court victory and would give utilities a free hand to pollute. At issue is how the government measures air pollution from the smokestacks of coal-fired power plants and other sources. Environmentalists say the pollution should be counted as tons per year. The utility... 

Estimated Cost of 1 Duke Coal Generator at Cliffside Is $1.53B

Duke Energy estimated it would cost $1.53 billion to build a single coal-fired power unit at its Cliffside power plant in western North Carolina, the state Public Utilities Commission disclosed Wednesday. Duke Energy Corp. provided the estimate when seeking permission from the commission to build a pair of generators, estimated at $3 billion, at its Cliffside Steam Station. In a brief ruling issued... 

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N.C. Regulators OK 1 of 2 Generator Sought at Duke Plant

Duke Energy Corp. may build only one 800-megawatt coal-fired generator at its aging facility in western North Carolina, not the two the utility has sought for nearly two years, the state Utilities Commission ruled Wednesday. The Charlotte-based company said it needed the generators to meet increasing consumer demand. Environmentalists argued Duke had failed to consider cleaner power-generating options... 

Duke Energy earnings fall

Power company Duke Energy Corp. posted lower fourth-quarter earnings on Tuesday due to higher settlement reserves and the impact of merger and restructuring activities. The company, which merged with fellow power company Cinergy Corp. last April, earned $387 million, 31 cents per share, down from $606 million, or 63 cents per share, a year earlier. Excluding special items, earnings were 43 cents per... 

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Duke Energy faces rising costs of coal

Westar Energy knew its coal-fired plant was in trouble. The Kansas company wanted to build a $1 billion, 800-megawatt power plant, but construction costs kept rising as global demand for steel and other materials skyrocketed. Soon $1 billion became at least $1.4 billion — costs ultimately passed to consumers. Faced with sobering numbers, the utility in January shelved the project. “We didn’t... 

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