Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/04/2013 | 08:54pm CEST

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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DUKE ENERGY CORP
01:19a DUKE ENERGY : Thousands without power after crash splits utility pole
09/21 DUKE ENERGY : ready to respond to power outages in Carolinas as Irma blows into ..
09/21 DUKE ENERGY : plans North Carolina's largest battery storage projects as part of..
09/21 DUKE ENERGY : wrapping up final restorations on isolated post-Irma power outages..
09/21 DUKE ENERGY : What would flood if a Duke Energy coal ash dam broke? Advocates wa..
09/20 OPINION : Florida politicians talk tough after the hurricane. But it's just that..
09/20 DUKE ENERGY : Groups demand Duke Energy show coal ash disaster maps
09/20 DUKE ENERGY : Hartsville Chamber's first Women's Leadership Symposium is success..
09/20 DUKE ENERGY : Restored power reflects well on those responsible
09/20 DUKE ENERGY : Most of Highlands County 
should have power today
More news
News from SeekingAlpha
09/21 Duke Energy refusing access to coal ash disaster maps, groups say
09/20 Florida utilities under fire even as power restored
09/19 My Valuation Of Berkshire Hathaway
09/15 North Carolina requesting more water impact info on Atlantic Coast Pipeline
09/13 CONSTRUCTING A SUCCESSFUL LONG TERM : Step 2 - Installing The Utilities
Financials ($)
Sales 2017 24 411 M
EBIT 2017 6 363 M
Net income 2017 3 215 M
Debt 2017 53 871 M
Yield 2017 4,23%
P/E ratio 2017 18,57
P/E ratio 2018 17,65
EV / Sales 2017 4,65x
EV / Sales 2018 4,72x
Capitalization 59 608 M
Chart DUKE ENERGY CORP
Duration : Period :
Duke Energy Corp Technical Analysis Chart | DUK | US26441C2044 | 4-Traders
Technical analysis trends DUKE ENERGY CORP
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 86,2 $
Spread / Average Target 1,2%
EPS Revisions
Managers
NameTitle
Lynn J. Good Chairman, President & Chief Executive Officer
Dhiaa M. Jamil Chief Operating Officer & Executive Vice President
Steven K. Young Chief Financial Officer & Executive Vice President
Christopher B. Heck Chief Information Officer & Vice President
Michael G. Browning Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
DUKE ENERGY CORP9.77%59 608
IBERDROLA7.03%50 392
DOMINION ENERGY INC1.34%49 878
SOUTHERN CO0.53%49 424
EXELON CORPORATION4.00%35 437
PG&E CORPORATION13.84%35 410