Duke Energy signs contract with DOE
The contract provides for the DOE's acceptance and permanent disposal of all fuel from the station. For this service, the company will pay a $1 per megawatt-hour fee for electricity generated and sold from Lee Nuclear. This is consistent with the existing used fuel disposal contract fee for Duke Energy's operating nuclear fleet.
Duke Energy Corporation (Duke Energy) is an energy company located in the Americas that provides its services through four business units.
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China aims to reduce coal power production
BEIJING - China plans to slash coal-fired power capacity at its five biggest utilities by as much as a third in two years by merging their assets, according to a document seen by Reuters and four sources with knowledge of the matter.
The move to shed older and less-efficient capacity is being driven by pressure to cut heavy debt levels at the utilities. China, is, however, building more coal-fired power plants and approving dozens of new mines to bolster a slowing economy.
The five utilities, which are controlled by the central government, accounted for around 44% of China’s total coal-fired power capacity…
