Duke Energy

An official with the Department of Homeland Security (DHS) on September 12 said as many as 15 million people in Florida lost power during Hurricane Irma, and said damage from the storm means “this will be a situation about rebuilding” power infrastructure, rather than repair.” Christopher Krebs, assistant secretary for Infrastructure Protection with DHS, said at […]

Cyclic operating conditions can be problematic for many coal-fired power plants that were designed to run as baseload units. Implementing a combustion and boiler performance management program can help ensure

Regardless of recent federal support for a revitalization of coal in the U.S., “the economics are challenged,” Lynn Good, CEO of Duke Energy, said March 1 during a presentation at the U.S. Department of Energy’s (DOE) Advanced Research Projects Agency-Energy (ARPA-E) Energy Innovation Summit. “I think coal continues to be an important part of a […]

While admitting no wrongdoing or liability, Duke Energy reached an agreement with the U.S. government to resolve a lawsuit related to its acquisition of a Florida gas-fired power plant. The plant in question—Osprey Energy Center (Figure 1)—is a 537-MW two-unit combined cycle facility located in Auburndale, Fla., that Duke Energy purchased from Calpine Construction Finance […]

In a push to focus on regulated markets in the U.S., Duke Energy has completed its exit of international business in deals valued at $2.4 billion. The company announced on October 10 that it reached an agreement to sell all businesses in Peru, Chile, Ecuador, Guatemala, El Salvador, and Argentina to investment firm I Squared […]

CHARLOTTE, N.C., Oct. 3, 2016 /PRNewswire/ — Duke Energy has completed its acquisition of Piedmont Natural Gas, closing the transaction effective today. Piedmont will retain its name and operate as a business unit of Duke Energy. Both companies are headquartered in Charlotte. The acquisition will add Piedmont’s 1 million natural gas customers to Duke Energy’s […]

Duke Energy agreed to pay a $6 million fine under a new settlement reached with North Carolina’s Department of Environmental Quality (DEQ) for the February 2014 coal ash spill at its Dan River power plant in Eden. State regulators fined the utility $6.8 million in February, but Duke Energy challenged the decision, which was the […]

In an effort to become a fully regulated power company, American Electric Power (AEP) has agreed to sell four Midwestern power plants—representing a total of 5.2 GW—to a newly formed joint venture of Blackstone and ArcLight Capital Partners for about $2.17 billion.  AEP will sell: the 1,186-MW natural gas–fired Lawrenceburg Generating Station in Lawrenceburg, Ind. […]

CHARLOTTE, N.C. — The Federal Energy Regulatory Commission (FERC) has issued a new 30-year operating license for Duke Energy’s Keowee-Toxaway Hydroelectric Project, which will allow the company to continue operating the Jocassee Pumped Storage Hydro Station, Keowee Hydro Station and associated lakes. “The project provides clean, renewable hydroelectric power generation, supports regional public drinking water needs […]

Georgia Power will shut down and stop receiving coal ash at all 29 of its coal ash ponds within the next three years. The announcement on June 13 is the latest in a string of similar moves from coal plant–owning utilities across the nation in response to the Environmental Protection Agency’s (EPA’s) coal ash disposal […]