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Duke to Complete Energy Storage Project in Ohio this Year

LCG, May 29, 2015-Duke Energy, LG Chem and Greensmith Energy Management Systems announced Tuesday plans to install a 2-MW, battery-based energy storage system at a Duke facility in New Richmond, Ohio. The storage system, which is expected to be operational late this year, is designed to enhance reliability and increase stability on the electric power grid.

CPUC Approves NRG Energy's 500-MW Carlsbad Energy Center

LCG, May 28, 2015-The California Public Utilities Commission (CPUC) approved late last week the SDG&E Power Purchase and Tolling Agreement for the NRG Energy, Inc. Carlsbad Energy Center, a proposed 500-MW, natural gas-fired peaking facility. The project is expected to begin operations when the adjacent Encina Power Station is retired at the end of 2017.

Industry News

Cost Estimate Up for Duke's New Nuclear Power Station

LCG, November 5, 2008--Duke Energy Carolinas informed the North Carolina Utilities Commission that the estimated cost to build the proposed William States Lee, III Nuclear Station in South Carolina has risen to $11 billion, or approximately double the original estimate, excluding financing. The new power plant is scheduled to be operational in 2018 in order to meet Duke Energy Carolina's forecast growth in electric demands.

Duke proposes to install two 1,117-MW reactors and to use Westinghouse Electric's AP1000 design, which incorporates passive safety features. The Nuclear Regulatory Commission (NRC) approved the Design Certification on December 30, 2005.

Last February Duke received notification from the NRC that the combined construction and operating license (COL) application for Lee Nuclear Station submitted December 2007 was accepted and docketed.

Duke's COL application relies upon the COL application to build two nuclear reactors at TVA's Bellefonte site in northern Alabama that was submitted October 31, 2007 to the NRC by the Tennessee Valley Authority (TVA) and NuStart Energy, a consortium of nuclear energy companies that includes Duke.

Other companies that have announced the selection of the AP1000 design as the basis for additional COL applications to construct reactors include Progress Energy, Southern Company, SCANA and Santee Cooper.

Duke's proposal is relatively unique for the United States in that Duke plans to build the reactors at a greenfield site, rather than to add capacity at an existing nuclear power station. The greenfield site is located in Cherokee County, South Carolina.



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