Duke Energy delays project update as it considers thousands of comments

The 45-mile transmission line would span sections of the Carolinas. Power demand, particularly on the coldest and hottest days of the year, will continue to grow, and the region’s electrical infrastructure must be upgraded to meet that increased demand.

And Duke also points out they are taking a closer look at possible alternatives to that proposed new transmission line.

Sipes noted that the overall modernization plan is addressing a very real problem that is not going away.

The release said the proposed natural gas plant is expected to produce electricity less expensively than the existing coal plant, which is often dispatched to ensure the region’s power reliability even when it is not economical.

Invoking rarely used legal underpinnings in the general statutes and the state Constitution, N.C. WARN and six other environmental, labor and religious organizations petitioned the attorney general to use his authority to force Duke Energy to amend its corporate charter due to “a persistent pattern of criminal activity” harming the environment. Several environmental groups want Duke Energy to phase out North Carolina’s coal-fired plants. The company has a market cap of $50,021 million and the number of outstanding shares have been calculated to be 688,330,000 shares.

A public hearing about a proposed Duke Energy project was held in Fletcher in September.

President of the Duke Energy Foundation, Stick Williams said, “More than 1 million Duke Energy customers were affected by the historic weather in the Carolinas this past week and thousands of employees, retirees and their families call those areas home”.

A Durham-based clean energy advocacy group with a long history of being a thorn in the side of Duke Energy launched a new attack on the giant utility Wednesday. Its commercial power and worldwide energy business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States.

Analysts covering shares of Duke Energy Corporation (NYSE:DUK) are anticipating that the stock will trade in the range of $73 to $93 within the next 12 months.

Duke Energy Corporation is an energy company. Guggenheim reaffirmed a “buy” rating on shares of Duke Energy Corp in a research report on Monday, August 17th.