Duke Energy reaches settlement with North Carolina AG Duke Energy announced that it has reached a settlement agreement with the North Carolina Attorney General. The agreement resolves all issues related to the matters under review by the attorney general regarding Duke Energy's change in president and CEO following the close of the merger between Duke Energy and Progress Energy on July 2. Some of the major details of the settlement include: the Attorney General will not object to the settlement reached with the NCUC; the Attorney General preserves all rights in future Duke Energy rate cases in North Carolina; Duke Energy will pay $250,000 to the Attorney General's office to defray fees and expenses related to the post-merger investigation; Duke Energy will designate a liaison in the company to communicate with the Attorney General on customer-related information.
Duke Energy Renewables acquires 20MW Shawboro solar project in North Carolina Duke Energy Renewables announced it has acquired a 20-megawatt AC solar power project in Shawboro, N.C., from Ecoplexus, lead developer of the project. The energy generated from the facility is enough to power about 4,000 homes and will be sold to Dominion NC Power through a 15-year agreement. Swinerton Renewable Energy will build the facility and is expected to employ more than 90 percent local workers during construction. The project is targeted for completion by year end.