Daily Archives: May 19, 2015
(1350 WZGM) Duke Energy today announced plans to retire its Asheville, N.C., coal-fired power plant in four to five years and modernize its generation and transmission system in western North Carolina and upstate South Carolina – significantly reducing environmental impacts, improving system reliability and minimizing long-term costs to customers. “We’ve developed an innovative plan that’s a ‘win-win-win’ for consumers, the environment and the economy,” said Lloyd Yates, Duke Energy executive vice president of market solutions and president of the Carolinas region. “With the availability and near record low cost of natural gas, this comprehensive project will transform the energy system in the region to meet the growing needs of our customers and significantly reduce emissions and water use. We’re eager to move ahead quickly on these projects and complete the key components of the plan by the end of 2019.” The plan’s major components include retiring the 376-megawatt Asheville coal power plant, investing approximately $750 million to build a 650-megawatt natural gas-fired power plant, and installing solar generation at the site – one of the first combinations of its kind.
Read the entire announcement HERE>
Review the plan details HERE>