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Stock Market & Financial Investment News

News Breaks
February 7, 2014
17:54 EDTDUKDuke Energy pledges to take care of Dan River, surrounding areas
Duke Energy pledged to take care of the Dan River and its surrounding environment as the company continues to address the coal ash release that began several days ago at the company's Dan River power plant in Eden, N.C. The company says ongoing water sampling results from Duke Energy demonstrate that water quality continues to improve downstream of the spill site. The company's results are consistent with sampling being performed by the North Carolina Department of Environment and Natural Resources. The release stems from a broken 48-inch stormwater pipe under one of the power plant's ash basins. The break, discovered last Sunday, allowed ash and water from the basin to flow into the river. Duke Energy also said its designing a long-term river cleanup plan in close coordination with federal and state environmental agencies, including the U.S. Environmental Protection Agency, the U.S. Fish and Wildlife Service and NCDENR.
News For DUK From The Last 14 Days
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May 27, 2015
12:31 EDTDUKDuke Energy Florida's solar plans to include new Orlando facility
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May 26, 2015
10:06 EDTDUKDuke Energy, LG Chem, Greensmith to build energy storage system in Ohio
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May 19, 2015
08:04 EDTDUKDuke Energy to retire Asheville coal-fired power plant in four to five years
Duke Energy announced plans to retire its Asheville, N.C., coal-fired power plant in four to five years and modernize its generation and transmission system in western North Carolina and upstate South Carolina. The plan's major components include retiring the 376-megawatt Asheville coal power plant, investing approximately $750M to build a 650-megawatt natural gas-fired power plant, and installing solar generation at the site one of the first combinations of its kind. The plan includes investing approximately $320M to build a transmission substation near Campobello, S.C., and connect it to the Asheville power plant with a new approximately 40-mile, 230-kiloVolt transmission line. It also includes upgrading and rebuilding additional electrical infrastructure such as transmission lines and distribution substations. Carbon dioxide emissions will be reduced by about 60 percent, on a per-megawatt hour basis, due to the efficiency of the new gas plant and the fact that natural gas burns more cleanly than coal. The new gas plant also will help reduce carbon dioxide emissions across Duke Energy's Carolinas power plant fleet. Closing the Asheville coal plant and building a gas plant will make it unnecessary to invest in 126 megawatts of oil-fired generation units, to meet peak demand, and other capital investments that were planned for 2019. The power plant and electric transmission projects will create a peak construction workforce of about 800 jobs in the 2017-2019 timeframe, and generate significant local property tax revenues when brought in-service. Based on current Buncombe County tax rates, property taxes from the gas power plant are estimated to increase between 35 and 40 percent after the site is modernized.
May 18, 2015
14:59 EDTDUKDuke Energy management to meet with JPMorgan
Meetings to be held in Dallas on May 20, in Austin/Dallas on May 21 and in Austin/Houston on May 22 hosted by JPMorgan.
May 15, 2015
06:07 EDTDUKDuke Energy units to pay $102M for Clean Water Act crimes
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