News Releases

Duke Energy Corp. subsidiaries to redeem eight series of preferred stock

Published on February 6, 2013

CHARLOTTE, N.C. - Duke Energy today announced that on March 8, the company will redeem all shares of three series of preferred stock issued by its subsidiary Progress Energy Carolinas, Inc. and all shares of five series of preferred stock issued by its...

Crystal River Nuclear Plant to be retired; company evaluating sites for potential new gas-fueled generation

Published on February 5, 2013

CRYSTAL RIVER, FLA. -Following a comprehensive analysis, Progress Energy Florida, a subsidiary of Duke Energy, announced today that it will retire the Crystal River Nuclear Plant (CR3) in Citrus County, Fla. The plant has been safely shut down and ...

Improvements completed at public recreation and access areas on Lakes Keowee and Jocassee

Published on February 4, 2013

SENECA AND SALEM, S.C. -Duke Energy has completed improvement work at a number of the recreation and public access areas located on Lake Keowee in Oconee County and Lake Jocassee in Pickens County.The projects recently completed on Lake Keowee are the ...

Duke Energy Carolinas files N.C. rate increase request

Published on February 4, 2013

CHARLOTTE, N.C. - Duke Energy Carolinas today filed a request with the North Carolina Utilities Commission (NCUC) to increase electric rates by approximately $446 million, for an overall increase of 9.7 percent. More than 90 percent of the request is...

Progress Energy Florida selects Lake County industrial site as first to qualify for the companys Site Readiness Program

Published on February 1, 2013

ST. PETERSBURG, FLA. -Progress Energy Florida has selected Lake Countys Florida Energy and Aerospace Technology (FEAT) Park as its first Site Readiness location in Florida. According to Marc Hoenstine, economic development manager for Progress Energy ...

Duke Energy's Bad Creek Hydro Station wins Conservation Award; Outdoor Classroom recognized

Published on February 1, 2013

SALEM, S.C. -Employees at Duke Energy's Bad Creek Pumped Storage Hydroelectric Station are being honored today at the South Carolina Wildlife Federations annual awards banquet for their leadership in conservation and educational programs. The ...

Duke Energy's fleet modernization allows two coal plants to retire early

Published on February 1, 2013

CHARLOTTE, N.C. -Duke Energys Buck and Riverbend steam stations, coal-fired power plants in the Charlotte area, will retire two years earlier than scheduled, drawing to a close more than eight decades of operations at each facility. Both stations had ...

Duke Energy prepares for severe weather; urges customers to prepare

Published on January 29, 2013

CHARLOTTE, N.C. - Duke Energy is preparing for potential severe weather expected to bring high winds and heavy rain to portions of the Carolinas Wednesday. Crews across the Carolinas are preparing vehicles and materials to respond to outages that may...

Duke Energy's Brett Carter named chief distribution officer; Paul Newton to succeed Carter as company's president for North Carolina

Published on January 29, 2013

CHARLOTTE, N.C. -Brett Carter, president of Duke Energy North Carolina since 2008, has been named chief distribution officer and senior vice president for the companys utility operations in six states.The company has named Paul R. Newton to succeed ...

Duke Energy Renewables completes Notrees Battery Storage Project in Texas; North America's largest battery storage project at a wind farm

Published on January 23, 2013

CHARLOTTE, N.C. -Duke Energy Renewables, part of Duke Energys Commercial Businesses, announced today the completion of its 36-megawatt (MW) energy storage and power management system at its Notrees Windpower Project in west Texas. The system ...