Tagged: Duke Energy

Duke Energy says earnings in the third quarter rose 26%, primarily because it was the first full quarter to include Progress Energy.  That figure slightly exceeded analyst expectations, but questions remain about challenges Duke Energy faces going forward.

The list includes:

The cost to build Duke’s coal-fired plant in Edwardsport, Indiana was already about a billion dollars over original estimates.

Now the testing of new technology to burn coal more cleanly at the plant is taking longer than expected and adding $180 million to the cost.

Duke spokeswoman Angeline Protogere says this should be the last expensive delay for the Edwardsport plant.

“We believe this is a realistic cost for the project,” says Protogere.

The new $77 million engineering and energy building on UNC Charlotte’s campus hasn’t even had a formal grand opening ceremony, and already it’s fueling the local energy work force. 

Johan Enslin underscored that point as  he gave Governor Bev Perdue of the Energy Production and Infrastructure Center – or “EPIC” - which he directs.  It's a four-story collection of laboratories bathed in natural light on the edge of UNC Charlotte’s campus.

One of the labs features a replica of the nerve center at Duke Energy.

The Charlotte host committee of the DNC has revealed it came up $12.5 million short of its fundraising goal for the convention and was forced to tap a line of credit guaranteed by Duke Energy. 

WFAE's Julie Rose has been pouring through documents filed with the Federal Election Commission late last night and joins All Things Considered Host Mark Rumsey to share some analysis.

A Duke University study has found high levels of coal ash contaminants in rivers and lakes downstream from coal-fired power plants. Mountain Island Lake, which provides drinking water to the Charlotte area, is one of the lakes tested that show the highest amounts of arsenic.  

The study tested 11 North Carolina lakes and rivers, and it found smaller ones like Mountain Island had the highest levels of coal ash toxins.