Duke Energy update on H.F. Lee Power Plant in Goldsboro, N.C.

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GOLDSBORO, N.C. -- As we have been communicating for several days, historically high flood waters in the Neuse River have covered three inactive coal ash basins at the H.F. Lee Power Plant in Goldsboro, N.C.

Today, engineers confirmed that some material, including coal ash, eroded and was carried by flood waters outside one of the berms of an inactive basin.

Water samples taken by the company on Oct. 12, just downstream of the inactive basins, were received today and do not show the presence of measurable ash-related constituents in the Neuse River.

Because the inactive basins have well-established cover – including organic material, grass, shrubs and trees – they have performed as expected in the aftermath of Hurricane Matthew.

As flood waters continue to recede, engineers and environmental experts will continue to closely inspect the inactive basins and will be able to better assess the amount of material that was displaced.

Out of an abundance of caution, the company notified appropriate regulators of the observations today.

In June 2015, the company recommended excavation of ash because of potential flooding at the facility. That is now a requirement under North Carolina's coal ash management law and that work is to be completed by 2028.

About Duke Energy

Duke Energy, one of the largest electric power holding companies in the United States, supplies and delivers electricity to approximately 7.4 million customers in the Southeast and Midwest, representing a population of approximately 24 million people. The company also distributes natural gas to more than 1.5 million customers in the Carolinas, Ohio, Kentucky and Tennessee. Its commercial and international businesses operate diverse power generation assets in North America and Latin America, including a growing renewable energy portfolio.

Headquartered in Charlotte, N.C., Duke Energy is an S&P 100 Stock Index company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at duke-energy.com

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