Duke submits loan guarantee application for new nuclear units
"Filing this application with the DOE can lead to long-term benefits for our customers," said Duke Energy CEO Jim Rogers. "Loan guarantees allow utilities to lower capital costs for new nuclear construction, which ultimately leads to lower electricity prices for consumers."
The federal government has decades of experience managing loan guarantee programs, which provide financing for support of critical U.S. infrastructure. The loan guarantee program supporting clean energy was established as part of the Energy Policy Act of 2005. The program will follow defined procedures and practices that include rigorous reviews of all applications.
Duke Energy, one of the largest electric power companies in the United States, supplies and delivers electricity to approximately 4 million U.S. customers in its regulated jurisdictions. The company has approximately 35,000 megawatts of electric generating capacity in the Midwest and the Carolinas, and natural gas distribution services in Ohio and Kentucky.
In addition, Duke Energy has more than 4,000 megawatts of electric generation in Latin America, and is a joint-venture partner in a U.S. real estate company.
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Ermineskin First Nation soon to become major electricity generator
RED DEER - The switch will soon be flipped on a solar energy project that will generate tens of thousands of dollars for Ermineskin First Nation, while energizing economic development.
Built on six acres, the one-megawatt generator and its 3,500 solar panels will produce power to be sold into the province’s electrical grid, providing annual revenues for the band of $80,000 to $150,000, depending on energy demand and pricing.
The project cost $2.7 million, including connection costs and background studies, said Sam Minde, chief executive officer of the band-owned Neyaskweyahk Group of Companies Inc.
It was paid for with grants…
