Duke Energy

The global solar industry on January 23 reacted to President Trump’s announcement on Monday that the U.S. will enact a 30% tariff this year on imports of solar cells and modules, a levy that could begin as soon as next month. Some groups said they will take a “wait and see” approach to the charge, […]

Florida Power & Light (FPL) began the new year by opening four new solar power plants, along with officially retiring one of its two remaining coal-fired plants in the state. The utility on January 8 said the four solar plants began operating on January 1, 2018. They are the Horizon Solar Energy Center, in Alachua […]

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. […]