Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Nyse  >  Duke Energy Corp    DUK

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Duke Energy Corp : Duke Energy initiates demolition process at Weatherspoon Plant

09/04/2013 | 02:54pm US/Eastern

LUMBERTON, N.C. -

After more than two years of planning and preparation, Duke Energy will begin demolishing the retired Weatherspoon coal-fired power plant this fall.

The demolition process will last several months and will include implosion of the powerhouse and chimneys.

Duke Energy's long-term vision for sites with retired coal units such as Weatherspoon is to safely return them to ground level using a method known as decommissioning and demolition. This multi-year process involves cleaning and removing equipment, deconstructing the buildings and powerhouse, and restoring the site.

"We are committed to decommissioning the Weatherspoon Plant safely and effectively, as a good steward of the environmental resources entrusted to us,' said David McNeill, Duke Energy district manager. "By retiring the older, less efficient coal units, we have the opportunity to modernize our generation fleet to better serve our customers. Duke Energy will have retired seven of our 14 coal plants in the state by the end of 2013 as part of our investments to meet customers' needs in cleaner ways."

In the first phase, changes at the site will be less noticeable, but during the final stages of the demolition process, local neighbors and community members may notice the removal of larger structures from the site.

The demolition contractors plan to move equipment to and from the site by rail and truck; however, the local community should not be significantly impacted.

As it prepares to close ash basins at retired plant sites, Duke Energy is evaluating multiple, site-specific closure options to ensure high water-quality protection, while balancing the many interests of customers. The company will continue to update the community as the process advances.

Customers interested in learning more about the decommissioning project can visit http://www.duke-energy.com/coal-decommissioning.

About Duke Energy Progress

Duke Energy Progress, a subsidiary of Duke Energy (NYSE: DUK), provides electricity and related services to nearly 1.5 million customers in North Carolina and South Carolina. The company is headquartered in Raleigh, N.C., and serves a territory encompassing more than 34,000 square miles including the cities of Raleigh, Wilmington and Asheville in North Carolina and Florence and Sumter in South Carolina. More information is available at www.progress-energy.com.

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at: www.duke-energy.com

Contact: Catherine Butler
Office: 980.373.1828 | 24-Hour: 800.559.3853

###


distributed by
React to this article
Latest news on DUKE ENERGY CORP
06:54a DUKE ENERGY : Community asked to help lessen impact of drought on Catawba-Watere..
07/28 DUKE ENERGY : Limit irrigation if using water from lakes
07/28 DUKE ENERGY : Foundation awards $40,000 for Teach for America-Southwest Ohio pro..
07/28 DUKE ENERGY : Boat ramps to close on Lake Wylie because of drought
07/28 DUKE ENERGY : CEO says company put cameras in all pipes after coal ash spill (RE..
07/28 DUKE ENERGY : Renewables acquires Seville Solar Projects in Southern California ..
07/28 DUKE ENERGY : Drilling of water, sewer lines under Cape Fear River to begin Tues..
07/24 DUKE ENERGY : All of South Carolina now under drought status
07/23 DUKE ENERGY : Dan River plant battles heat with natural gas
07/23 DUKE ENERGY : Landowner files motion to stop Duke transmission line
Advertisement
Chart
Duration : Period :
Duke Energy Corp Technical Analysis Chart | DUK | US26441C2044 | 4-Traders
Income Statement Evolution
More Financials