Saturday, February 1, 2014

Former Duke Energy chairman Jim Rogers: Utility industry will be 'very different' in 15 years - Charlotte Business Journal


Senior Staff Writer- Charlotte Business Journal 
Every time somebody puts solar on the rooftop, they are taking an investment opportunity away from the utility. So every kilowatt-hour that is produced by a (third-party) solar panel is a kilowatt-hour that is not produced from a utility. I think the regulators, as you look around the country, have been slow to give utilities the opportunity to go after that business.

Thursday, January 30, 2014

Utilities hope to learn about costs, reliability from Walterboro solar farm - Columbia Regional Business Report | Columbia, SC

By Liz Segrist
Published Jan. 28, 2014

The solar array consists of 10,010 photovoltaic panels. Some panels are stationary. Other panels follow the direction of the sun to maximize the production of solar energy.

Federal regulators to audit Duke Energy’s merger - Charlotte Business Journal

Senior Staff Writer- Charlotte Business Journal
The Federal Energy Regulatory Commission has told Duke Energy Corp. (NYSE:DUK) that it will audit the company for compliance with the conditions regulators set for its July 2012 merger with Progress Energy Inc.

The audit will go back to Jan. 1, 2011, days before the two companies announced the merger. The audit also will cover general tariff and accounting requirements and basic financial and operating reports that Charlotte-based Duke and its subsidiaries, including Progress, make to the commission.

FERC spokesman Craig Cano says “there is nothing uncommon” about the notice sent Duke and that such audits are routine after mergers.

Tuesday, January 28, 2014

SCE&G buying additional capacity in new nuclear plants from partner Santee Cooper | Business | The State

rburris@thestate.comJanuary 27, 2014

Read more here:
SCE&G will buy an additional 5 percent ownership stake from partner Santee Cooper in the two new nuclear reactors under construction at the V.C. Summer Nuclear Station in Jenkinsville, north of Columbia, the utility said Monday.

The roughly $500 million purchase, approved by the Santee Cooper Board of Directors, gives S.C. Electric & Gas a 60 percent ownership stake in the two new reactors and reduces Santee Cooper’s ownership to 40 percent. The price tag for the project to build the two reactors is about $10 billion.

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