Sunday, October 9, 2011

Duke-Progress offer cheaper peak power for fed OK - BusinessWeek

Emery P. Dalesio
"The companies said rather than selling off any assets, they would limit profits on wholesale electricity by selling into its Carolinas markets at cost plus 10 percent for eight years. The companies said they would limit the electricity sold at that price the excess not needed by customers up to 800 megawatt-hours in the summer and 225 megawatt-hours in the winter.


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