Duke Energy

Local News
4:19 pm
Tue February 5, 2013

Duke To Permanently Shutter Troubled Nuclear Plant In Florida

Duke Energy says it will shut down the Crystal River Nuclear Plant in Florida, rather than spend billions repairing it.
Credit Duke-energy.com

Duke Energy says it will close down a troubled nuclear plant in Florida – called Crystal River – rather than try to repair it at a cost of billions.  Making that decision has preoccupied Duke and its investors ever since the company merged with Progress Energy and inherited the Florida plant.  

"From the beginning of the merged company, the resolution of the nuclear plant issue has been among the company's top priorities, if not the company's top priority," says Duke Energy spokesman Mike Hughes. 

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Local News
3:08 pm
Mon February 4, 2013

Duke Energy Seeks 11.8% Rate Hike For Residential Customers

Duke Energy's Cliffside Steam Station located on the Rutherford/Cleveland County line in North Carolina.
Credit www.duke-energy.com

Duke Energy wants to raise rates again on its North Carolina customers – this time by nearly 12 percent for residential users.  WFAE's Julie Rose reports on the company's latest request to state regulators.

We knew this rate hike request was coming, but we didn't know how large it would be. Last time around, Duke asked to raise residential rates by 17 percent but settled for just over 7 percent when it finally took effect a year ago.  Now Duke Energy is proposing another 11.8 percent increase for residential customers.

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Debt
5:14 pm
Fri February 1, 2013

DNC Host Committee Still $10 Million Short

The Charlotte host committee is still $10 million short of its fundraising goal for the convention and has had to tap a line of credit guaranteed by Duke Energy.

A new report shows the committee made little progress – barely a drop in the bucket -- with only half-a-dozen contributions in the past few months. So Duke Energy may just have to foot the bill after all.

Two years ago, DNC organizers were confident they wouldn't need to use Duke Energy's $10 million line of credit.

Here's the host committee's interim director Will Miller at the time.

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Local News
2:31 pm
Fri February 1, 2013

Duke Energy Closing Two Coal Plants Ahead Of Schedule

Buck Steam Station in Rowan County is a coal-fired power plant that Duke Energy is closing in April.
Duke Energy

Duke Energy is shutting down two coal-fired power plants this spring. The plants are in Rowan and Gaston counties, and they're closing two years ahead of schedule.


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Business
5:09 am
Thu January 24, 2013

Duke Duking It Out With Small Florida County Over Taxes

The tax value of Duke/Progress Energy's Crystal River nuclear plant in Florida is one point of contention between the company and Citrus County officials.
Credit Duke-energy.com

A small county on the Florida Gulf Coast is in a budget crisis because its largest taxpayer is refusing to pay up. Progress Energy Florida – which is now owned by Duke Energy – operates a coal and nuclear power plant complex that accounts for one-quarter of Citrus County's property tax revenues. But Duke Energy only paid half its tax bill last year and this week warned it'll do the same in 2013. WFAE's Julie Rose explains:

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Local News
9:02 am
Thu January 10, 2013

McCrory Could Re-shape NC Utilities Regulation

Governor Pat McCrory will appoint three utilities commissioners and the state's top advocate for utility consumers in the coming months. His choices would re-shape the regulatory landscape for Duke Energy, where McCrory worked for 28 years.

Governor Pat McCrory has been busy in recent weeks filling his cabinet and top staff positions. And in at least three cases he's appointed former colleagues from his 28 years working at Duke Energy. That's led some to worry McCrory will follow the same pattern when he turns his attention to four impending vacancies at the North Carolina Utilities Commission, which is Duke Energy's primary regulator in the state. WFAE's Julie Rose takes a look now at this regulatory body McCrory has the opportunity to radically reshape.

CORRECTION APPENDED

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Local News
9:11 am
Thu December 20, 2012

Greensboro Strikes Back Over Duke's Tree Trimming

Duke Energy has more than 90,000 miles of overhead power lines across the Carolinas, which makes for a lot of tree-trimming to keep the lines clear – and a lot of complaints about that trimming. In Greensboro, the typical frustration is shaping into a legal battle between Duke and the city.

"Vegetation management" is the technical term for it, but residents of several old neighborhoods near downtown Greensboro use other words.

"Duke Power came in and just clear-cut the area," said Jay James at a Tuesday night meeting of the Greensboro City Council.

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Business
5:02 pm
Tue December 18, 2012

Duke Shuffles Executives

Jeff Lyash is the fourth high-ranking Progress Energy executive to leave since the company merged with Duke Energy.
Duke Energy

Another Progress Energy executive is out at Duke Energy in the latest personnel shuffle of the merged companies.  A Duke Energy spokesman says changes required in a settlement with North Carolina utility regulators sparked a "domino effect."  

Seven top executives are shifting titles and roles in what resembles a game of musical chairs.

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Business
6:06 pm
Mon December 17, 2012

Duke CEO: Don't Fear The Fiscal Cliff

Wells Fargo senior executive vice president David Carroll, Premier Inc CEO Susan DeVore and Duke Energy CEO Jim Rogers at the Charlotte Chamber Economic Outlook luncheon on December 17, 2012.
Julie Rose

The Charlotte business community gathered Monday for a diagnostic take on the U.S. economy from the city's top industries. Executives of Bank of America, Wells Fargo, Duke Energy, Nucor and Premier health care alliance offered a grim picture of slow growth and high unemployment. 

If the U.S. economy had a life coach, every pep-talk these days would be along the lines of "Look pal, you gotta 'Fake it 'til you make it.' Confidence breeds success.  All this worry is bringing you down."

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Environment
5:18 pm
Fri December 7, 2012

State Board Rejects Call For Coal-Ash Clean Up

Duke and Progress Energy will not have to clean up seepages from fourteen coal ash ponds, according to a ruling from the North Carolina Environmental Management Commission.  Several environmental groups including the Riverkeeper Foundation say the utilities are breaking state rules by not stopping their coal ash ponds from leaking into ground water.   

Commission chairman Steve Smith says the vote was 9-to-2 in favor of Duke and Progress.

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