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Stock Market & Financial Investment News

News Breaks
June 16, 2014
18:06 EDTDUKDuke Energy: North Carolina coal plants 'safe and performing as designed'
Duke Energy announced that the company has completed ash basin related pipe inspections at its North Carolina coal plants and shared those results with the North Carolina Department of Environment and Natural Resources. The third-party inspections demonstrate that the infrastructure is safe and performing as designed, but some areas of water infiltration were identified. Based on this assessment, the company is already developing engineering plans to repair or close certain pipes and to continue monitoring the others. Following the Dan River incident in February, the company engaged outside engineering firms to conduct inspections of pipes at its active and retired coal plants. "Our highest priority remains the safe operation of our facilities and the health and well-being of the communities and customers we serve," said Lynn Good, Duke Energy president and CEO. "These pipe inspections, and the steps we're taking to address any issues, demonstrate our ongoing commitment to safely managing coal ash at all of our basins." In a news release today NCDENR confirmed "State officials did not identify any imminent public health or safety hazards..." The agency issued eight Notices of Deficiency and requested engineering assessments and repair plans for pipes at Marshall Steam Station in Catawba County, Riverbend and Allen Steam Stations in Gaston County, Buck Steam Station in Rowan County and Cliffside Steam Station in Rutherford and Cleveland counties. In addition, NCDENR issued three inspection letters requesting additional information on pipes where no leaks were detected at the Buck, Riverbend and Marshall Steam Stations. "We will continue working with the agency to secure the necessary permits to carry out our work and will continue to be responsive to state officials as we all address this important issue for North Carolina," said Good.
News For DUK From The Last 14 Days
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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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