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Stock Market & Financial Investment News

News Breaks
February 4, 2014
05:30 EDTDUKDuke Energy provides update on Dan River steam station ash basin release
Duke Energy engineers have had some success stemming the flow from an ash pond at Dan River Steam Station. A temporary plug periodically mitigated the leakage into the Dan River throughout the day, and a team of experts continues to work on a solution to completely stop the release. Latest calculations by the company estimate 50,000 to 82,000 tons of ash has been released to the river as a result of a break in a 48-inch stormwater pipe at the power plant. This volume of ash would fill between 20 and 32 Olympic-size swimming pools. The company is also estimating between 24M-27M gallons of basin water has reached the river. The release is visible several miles downstream and crews continue to track and monitor it. Downstream municipal water supplies remain unaffected. As reported earlier today, the ash basin dam along the river has not been affected and remains secure. Some erosion has occurred on the interior side of the berm farthest from the river, and engineers continue working on a plan to stabilize that area. The basin was already at a lower level prior to this event since the coal plant retired in 2012 and has not produced coal ash since then. The primary basin is about 27 surface acres. The N.C. Department of Environment and Natural Resources performed a site inspection, and Duke Energy continues to work with the local and state officials responding to this event.
News For DUK From The Last 14 Days
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December 19, 2014
10:01 EDTDUKDuke Energy acquires Halifax solar project in eastern North Carolina
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07:51 EDTDUKCarolina Business Review to hold a discussion on the economic outlook
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December 10, 2014
14:22 EDTDUKDuke Energy accelerating ash basin closure planning across fleet
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09:09 EDTDUKDuke Energy receives FERC approval for NCEPA assets purchase
Duke Energy has received approval from the Federal Energy Regulatory Commission to proceed with plans to purchase the North Carolina Eastern Municipal Power Agency's generating assets. The ruling is an important milestone of the approximately $1.2B transaction with NCEMPA, announced July 28. NCEMPA currently maintains partial ownership interest in several Duke Energy Progress plants.
07:45 EDTDUKWells Fargo to hold a symposium
2014 Wells Fargo Energy Symposium is being held in New York on December 9-10; with webcasted company presentations to begin on December 10 at 8 am; not all company presentations may be webcasted. Webcast Link
December 9, 2014
10:23 EDTDUKOn The Fly: Analyst Downgrade Summary
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08:00 EDTDUKDuke Energy downgraded to Neutral from Outperform at Macquarie
Macquarie downgraded Duke Energy to Neutral from Outperform, citing a lack of limited upside in the near term and the belief that a review of the company's international assets is unlikely to result in asset sales or cash transfers into the U.S. The firm, however, raised its price target on the stock to $84 from $79.
December 8, 2014
12:35 EDTDUKDuke Energy receives approval from NCUC to build three solar facilities
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