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March 18, 2013
11:43 EDTDUKDuke Energy Carolinas files request to raise electric rates 15.1%
Duke Energy Carolinas filed a request with the Public Service Commission of South Carolina to increase electric rates by about $220M, for an overall increase of 15.1%. More than half of the request is driven by capital investments that Duke Energy Carolinas has made in the electric system, the company said. The company's request proposes an allowed return on common equity, or ROE of 11.25% with a 53 percent common equity component; the current allowed ROE in South Carolina is 10.5%. The South Carolina retail rate base is expected to be approximately $4.3B through the date of the hearings, the company noted.
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September 1, 2015
10:03 EDTDUKDuke Energy acquires half interest in Sumitomo's Mesquite Creek Wind project
Duke Energy Renewables announced it earlier that it has acquired a 50% stake in Mesquite Creek Wind, a 211-megawatt wind power project near Lamesa, Texas, through its joint venture partnership with Sumitomo Corp. of Americas. The acquisition increases Duke Energy Renewables' Texas wind capacity to more than 1,200 MW, the company noted. Duke Energy and Sumitomo share ownership of the 131-MW Cimarron II and 168-MW Ironwood Wind Power Projects in Kansas, which began operating in 2012.
August 21, 2015
17:29 EDTDUKPJM releases results for 2018-2019 PJM Interconnection capacity auction
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August 20, 2015
10:01 EDTDUKDuke Energy seeks proposals for solar in South Carolina
Duke Energy issued a request for proposals for about 53 megawatts of utility-scale solar capacity to be in-service in its South Carolina service areas by the end of 2016. In a separate RFP, the company seeks up to 5 megawatts of solar capacity for its Shared Solar Program, an innovative offer that will allow multiple customers to subscribe to the output of a specific solar facility and share in the economic benefits of the power produced. Projects should be greater than 250 kilowatts and no more than 1 megawatt of capacity. The company anticipates the Shared Solar Program will be particularly attractive to customers who want to receive the benefits of renewable energy but may not be able to install solar on their premises, such as renters or those who live in multi-family housing.

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