Duke Energy to sell Southeast U.S. power plants

Duke Energy Corp. , in a bid to improve its financial footing, said recently it plans to sell power plants in the Southeast United States that are owned by its merchant energy group subsidiary, Duke Energy North America.

The company did not specify which facilities are for sale, but it owns eight gas-fired power stations in four Southeast states totaling about 5,300 megawatts of generating capacity.

In addition to its Southeast plants, Duke said it will not spend any more money completing three plants it started building in the western states.

A spokesman at Duke, Peter Sheffield, told Reuters the company, "may look to partner with another company to complete the three western plants or sell their interest outright."

The following is a list of the plants owned by Duke in the Southeast: PLANT (GENERATING CAPACITY)STATE COMMERCIAL OPERATION

Hinds Energy Facility (520 MW)Miss.

May 2001 - New Albany Energy Facility (350 MW)Miss.

Oct. 2001 - Hot Spring Energy Facility (620 MW)Ark.

June 2002 - Southaven Energy Facility (640 MW)Miss.

May 2002 - Enterprise Energy Facility (640 MW)Miss.

May 2002 - Murray Energy Facility (1,240 MW)Ga.

June 2002 - Sandersville Energy Facility (640 MW)Ga.

June 2002 - Marshall Energy Facility (640 MW)Ky.

The following is a list of the western plants owned by Duke with construction deferred as of September 2002:

June 2002 - Grays Harbor Energy Facility (650 MW)Wash.

Moapa Energy Facility (1,200 MW)Nev.

Deming Energy Facility (570 MW)N.M.

Related News

northern pass commission

New Hampshire rejects Quebec-Massachusetts transmission proposal

MONTREAL - Regulators in the state of New Hampshire on Thursday rejected a major electricity project being piloted by Quebec’s hydro utility and its American partner, Eversource.

Members of New Hampshire’s Site Evaluation Committee unanimously denied an application for the Northern Pass project, a week after the state of Massachusetts green-lit the proposal.

Both states had to accept the project, as the transmission lines were to bring up to 9.45 terawatt hours of electricity per year from Quebec’s hydroelectric plants to Massachusetts, through New Hampshire.

The 20-year proposal was to be the biggest export contract in Hydro-Quebec’s history, and would generate up to…

READ MORE
power lines

Ontario Sets Electricity Rates at Off-Peak Price until February 7

READ MORE

louisiana power grid destroyed

Louisiana power grid needs 'complete rebuild' after Hurricane Laura, restoration to take weeks

READ MORE

powerlines

UK Anticipates a 16% Decrease in Energy Bills in April

READ MORE

texas residents line up for water

Texas's new set of electricity regulators begins to take shape in wake of deep freeze, power outages

READ MORE