Duke Energy gets stimulus funding
Duke said it will use the funds from the Department of Energy to modernize its power distribution system and install digital equipment on the transmission system in the Carolinas. It said the funding will save or create about 1,000 jobs in Ohio, Indiana, Kentucky, and the Carolinas.
The grant is part of $3.4 billion in government support for 100 projects announced in October.
Duke Energy Corp. is one of the nation's largest power generators with 4 million customers in the Carolinas and the Midwest.
Related News
Ontario's electricity 'recovery rate' could lead to higher hydro bills
TORONTO - A new provincial COVID-19 measure, designed to give Ontario ratepayers "stability" on their hydro bills this summer, could result in slightly higher hydro costs over the next four months.
Ontario Premier Doug Ford's government announced over the weekend that consumers would be charged a single around-the-clock electricity rate between June and November, replacing the much-derided time-of-use model ratepayers have complained about for years.
Instead of being charged between 10 to 20 cents per kilowatt hour, depending on the time of day electricity is used, hydro users will be charged a blanket rate of 12.8 cents per kWh.
"The new rate will…
