Duke Energy

Profits at Duke Energy were lower in the second quarter compared with a year ago, mainly because of a write-down as it prepares to sell its international business. But executives say Duke's main U.S. operations are strong.

Drawing shows design for the W.S. Lee Nuclear Plant in Cherokee County, S.C.
Westinghouse Electric Co./Duke Energy

Duke Energy is another step closer to winning approval to build a new nuclear power plant in South Carolina. The Nuclear Regulatory Commission said Wednesday it has completed the final safety evaluation for the proposed William States Lee plant in Cherokee, near Gaffney.

Illustration of Duke Energy's $1 billion project, which calls for two new gas-fired units in Asheville. The current coal-fired plant will be retired by 2020.
Duke Energy

 Updated 4:55 p.m.
Regulators have dismissed an appeal by two environmental groups that wanted to halt a Duke Energy power plant project in Asheville. The N.C. Utilities Commission says NC WARN and The Climate Times failed to post a $98 million bond required for the appeal.

But the battle may not be over. The environmental groups say they'll take the issue to the state Court of Appeals.  

Map shows high temperatures for the mid-Atlantic region. Bright yellow signals temperatures in the 90s.
National Weather Service

With temperatures soaring last week, Duke Energy customers in North and South Carolina set a record for summertime energy use. Duke says customers used 20,671 megawatt hours of electricity between 4 and 5 pm on Wednesday, July 27. That beat the previous record of 20,628 megawatts set in 2007.

WFAE

The heat is back, and that's pushing power plants to the limit. Duke Energy is testing a new way to trim demand – with a competition that challenges customers to turn off the A/C on days when electricity demand is highest. Monday was one of those days. 

State regulators wrapped up a two-day public hearing in Raleigh Tuesday afternoon on the proposed merger of Duke Energy and Piedmont Natural Gas. The two-day hearing included testimony from company leaders and a protest by merger opponents.

Executives including CEOs Lynn Good of Duke and Thomas Skains of Piedmont argued the $6.7 billion deal would create a stronger company and speed Duke's shift toward cleaner-burning natural gas.

A public hearing starts Monday in Raleigh on Duke Energy's planned acquisition of Piedmont Natural Gas. Approval by the North Carolina Utilities Commission is the deal's final hurdle. 

Duke announced last October it was buying Piedmont for $6.7 billion. That includes $4.9 billion in cash and taking over $1.8 billion in Piedmont debt. Piedmont has two things Duke wants:  

N.C. Department of Environmental Quality


  Follow-up tests last week found no arsenic in Mountain Island Lake, according to a report from the state Department of Environmental Quality.  

Tests last month had found arsenic at nearly 10 times federal limits, near where Duke Energy was draining water from coal ash ponds at the Riverbend plant in Mount Holly.  

Duke Energy

 State regulators have delivered another blow to environmentalists trying to block a new power plant in Asheville.  The North Carolina Utilities Commission says two groups must post a $98 million bond before they can appeal.

That's nearly 10 times the amount regulators originally set for an appeal by environmental groups NC WARN and The Climate Times. The commission says the bond is needed to pay Duke Energy's costs if the project is delayed.

Federal energy regulators have rejected Duke Energy's appeal for a longer license to operate dams and reservoirs along the Catawba River. This week's decision by the Federal Energy Regulatory Commission, or FERC, keeps the license term at 40 years, instead of the 50 years Duke had requested.

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