Rising Costs Threaten Utility Sector’s Large Dividends

To combat rising costs, companies in the Electric Utilities Sector have been looking to mergers and acquisitions to keep profits steady and maintain their healthy dividends. Stricter environmental regulations require that any new power plants built that are large enough to produce 75,000 tons of carbon dioxide a year must use the best available control technology, which is expected to add significantly to operational costs. Mergers and acquisitions... Read more..

Duke Energy Signs Used Fuel Contract for Proposed Lee Nuclear Station

Duke Energy has signed a contract with the U.S. Department of Energy (DOE) for the disposal of used nuclear fuel generated at its proposed William States Lee III Nuclear Station. The contract provides for the DOE’s acceptance and permanent disposal of all fuel from the station. For this service, the company will pay a $1 per megawatt-hour fee for electricity generated and sold from Lee Nuclear. This is consistent with the existing used fuel... Read more..

Duke Energy Ohio Reaches Agreement on Electric Security Plan

Duke Energy Ohio announced today that a settlement agreement has been reached with most intervening parties, the Staff of the Public Utilities Commission of Ohio (PUCO) and the Ohio Consumers’ Counsel on its electric security plan under Ohio’s new energy law. The agreement, which establishes generation rates for 2009 through 2011, must be approved by the PUCO. Under the terms of the settlement, the base cost for generation service will... Read more..

Triple Diamond Energy Corp. Constructs Pipeline From Hoover Field In Oklahoma To Point Of Purchase

Triple Diamond Energy Corp. (TDEC), an independent Texas based oil and gas exploration company, announces they have constructed a natural gas pipeline from the Hoover Field located in Garvin County to the point of purchase. This pipeline will move natural gas from TDEC’s well to the larger Midstream LP pipeline, formerly owned by Duke Energy. “The purpose of this new pipeline is to transport the natural gas produced by the Hoover Field... Read more..

Duke Energy Finalizes Catamount Energy Acquisition

Duke Energy has finalized its acquisition of Catamount Energy Corporation, announced on June 26, 2008. “The Catamount purchase further positions Duke Energy with additional expertise, resources and a proven track record to continue our growth in the wind business,” said Wouter van Kempen, president of Duke Energy Generation Services (DEGS), a business unit of Duke Energy that owns and develops renewable energy assets. “We are extremely... Read more..

Duke Energy Named to Dow Jones Sustainability Index for North America

Duke Energy has been named to the Dow Jones Sustainability Index (DJSI) for North American companies in the electric utility sector. “We’re especially pleased to have Duke Energy’s sustainability efforts recognized by Dow Jones for the third year in a row,” said Jim Rogers, chairman, president and CEO of Duke Energy. “This recognition validates our efforts to meet our customers’ growing demand for reliable, affordable... Read more..

Duke Energy Seeks Solar Suppliers to Launch $100 Million Solar Plan

Duke Energy Carolinas is seeking bids from solar power companies to supply solar panels, electrical equipment and installation services as part of the utility’s proposed $100 million North Carolina solar plan. Starting in early 2009, Duke Energy wants to install electricity- generating photovoltaic solar panels at up to 850 North Carolina sites, including homes, schools, office buildings, shopping malls, warehouses and large manufacturing facilities... Read more..

Reducing Carbon Footprint with Sunrise Solar

Sunrise Solar Corp. introduces new carbon offset strategies for investors. With 40% of carbon dioxide emissions coming from electricity generation, solar energy solutions deliver a very high carbon offset to solar energy investors. The need to reduce carbon dioxide emissions has become so severe that in some states, such as Hawaii, legislatures have begun to mandate solar installations in new home construction. State Senate Bill 644 would require... Read more..

America Has the Ability, Talent to Meet Climate Challenge

Below are excerpts from a speech Duke Energy Chairman, President and CEO Jim Rogers gave Aug. 21 to the World Affairs Council of Charlotte. I believe it’s time for us to move toward solutions that bridge the gap from today’s technology ideas to tomorrow’s commercial solutions. During this transition, we need to use all of the fuels we have to produce electricity. We need to use coal, natural gas, nuclear, renewables and energy efficiency.... Read more..

Trilliant Incorporated Secures $40 Million Equity Financing From MissionPoint Capital Partners and zouk ventures

Trilliant Incorporated, a leader in delivering intelligent network solutions that form the nervous system of the Smart Grid, today announced that it has closed a $40 million equity investment from an affiliate of MissionPoint Capital Partners and zouk ventures. MissionPoint and zouk are leading international investors in the low-carbon and clean energy markets. The proceeds from the financing, which was led by MissionPoint, will be used to accelerate... Read more..