A bankruptcy court filing shows that a high-tech battery maker in Concord has found a buyer for most of its assets. The filing by Alevo Manufacturing Inc. says an unidentified bidder has contracted to buy most of the equipment, raw materials and other assets for $5 million.
A big transformation is happening at Duke Energy's retired Riverbend Steam Station on Mountain Island Lake northwest of Charlotte. The 1920s powerhouse is being demolished, wall-by-wall. And trains are hauling away coal ash that had been dumped behind the plant for about 90 years.
Wind and solar power get most of the attention when it comes to renewable energy. But Duke Energy has another alternative - a type of hydroelectric power called pumped storage. WFAE reporter David Boraks visited Bad Creek hydroelectric station in upstate South Carolina, where Duke is getting ready to invest millions of dollars in upgrades.
Duke Energy this summer will ask North Carolina regulators to raise the rates consumers pay on their electricity bills for the first time in four years. The rate hikes – at Duke’s two electricity subsidiaries in the state - would help pay for new plants, Hurricane Matthew recovery costs and coal ash cleanups.
North Carolina is continuing to fight new EPA rules that limit carbon emissions from power plants. Gov. Pat McCrory's office said Wednesday night the state has joined 27 other states in asking the US Supreme Court to delay the Clean Power Plan, while the states challenge the rules in court.
Charlotte business leaders met in Ballantyne Friday to discuss transportation issues, including failing infrastructure and funding shortfalls. But the number one topic of conversation was a specific tax carve-out for American Airlines.
Duke Energy is offering free lightbulbs when you order them online. Well, almost free. You can order lightbulbs for up to 92 percent off the retail price. The company's efforts to promote energy efficiency helps their bottom line.