Duke Energy signs contract with DOE

subscribe

Duke Energy signed a contract with the U.S. Department of Energy (DOE) for the disposal of used nuclear fuel generated at its proposed William States Lee III Nuclear Station.

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.

Related News

electricity-prices-in-france-turn-negative

Electricity Prices in France Turn Negative

FRANCE - France has recently experienced an unusual and unprecedented situation in its electricity market: negative electricity prices. This development, driven by a significant influx of renewable energy sources, highlights the evolving dynamics of energy markets as countries increasingly rely on clean energy technologies. The phenomenon of negative pricing reflects both the opportunities and challenges associated with the integration of renewable energy into national grids.

Negative electricity prices occur when the supply of electricity exceeds demand to such an extent that producers are willing to pay consumers to take the excess energy off their hands. This situation typically arises during…

READ MORE

Ontario prepares to extend disconnect moratoriums for residential electricity customers

READ MORE

renewable energy protest

Why the shift toward renewable energy is not enough

READ MORE

integrating-ai-data-centers-into-canadas-electricity-grids

Integrating AI Data Centers into Canada's Electricity Grids

READ MORE

Britain Prepares for High Winter Heating and Electricity Costs

READ MORE