Duke Energy gets stimulus funding

subscribe

Duke Energy has signed the agreement to formalize the $204 million in economic stimulus funds it will receive from the federal government, the power provider said.

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

U.S. Ends Support for Ukraine’s Energy Grid Restoration

U.S. Ends Support for Ukraine’s Energy Grid Restoration

KYIV - The U.S. government has recently decided to terminate its support for Ukraine's energy grid restoration, a critical initiative managed by the U.S. Agency for International Development (USAID). This decision, reported by NBC News, comes at a time when Ukraine is grappling with significant challenges to its energy infrastructure due to ongoing Russian attacks. The termination of support was reportedly finalized before Ukrainian President Volodymyr Zelensky's scheduled visit to Washington, marking a significant shift in U.S. policy and raising concerns about the broader implications for Ukraine's energy resilience and its negotiations with Russia.

The Critical Role of U.S. Support

READ MORE
ev

New Texas will bill electric vehicle drivers an extra $200 a year

READ MORE

vietnam-redefines-offshore-wind-power-regulations

Vietnam Redefines Offshore Wind Power Regulations

READ MORE

Connecticut nuclear plant

Nuclear plant workers cite lack of precautions around virus

READ MORE

canada electricity lines

Cleaning up Canada's electricity is critical to meeting climate pledges

READ MORE