This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Slower Growth Drives Duke Energy's Decision To Suspend Proposed Plans For Harris Nuclear Plant Expansion

CHARLOTTE, N.C., May 2, 2013 /PRNewswire/ -- Duke Energy notified the Nuclear Regulatory Commission (NRC) today of plans to suspend its application for two proposed new nuclear units on its Harris site near New Hill in Wake County, North Carolina.

(Logo: )  

Progress Energy Carolinas submitted the combined construction and operating license application to the NRC in February 2008.

"The Harris site is well suited for new nuclear generation and has not been eliminated from our long-term consideration as a site to expand our nuclear fleet," said Dhiaa Jamil, Duke Energy executive vice president and president of Duke Energy Nuclear.

" Duke uses an integrated resource planning approach to ensure that it reliably and economically forecasts and plans resources to meet the electricity needs of its customers well into the future," he added. "Our most recent forecast indicates two additional nuclear units at Harris will not be needed in the next 15 years."

Duke Energy is well positioned to meet customers' future energy needs in the Carolinas.

As part of a $9 billion generation fleet modernization program, Duke brought three power plants ( Dan River and H.F. Lee natural gas combined-cycle plants and Cliffside unit 6) into service in late 2012. The Sutton combined-cycle plant will come on line later this year.

Duke Energy has operated nuclear plants for more than 40 years, setting industry benchmarks for safety and efficiency. Nuclear energy, with zero-carbon emissions, is an important clean-energy resource for the future, and is a key component of Duke Energy's long-term strategy to reduce its carbon footprint.

Duke Energy continues to pursue its application with the NRC for new nuclear generation for the W.S. Lee site in Gaffney, S.C. and the Levy site in Levy County, Fla.

With almost 28,000 employees, Duke Energy's regulated utilities operate in six states and serve 7.2 million customers. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at:

Contact: Rick Rhodes  Office: 704.382.3747 | 24-Hour: 800-559-3853


1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.96 0.28%
FB $102.15 0.24%
GOOG $685.60 0.36%
TSLA $148.40 -1.40%
YHOO $27.06 1.10%


Chart of I:DJI
DOW 15,883.20 +223.02 1.42%
S&P 500 1,857.41 +28.33 1.55%
NASDAQ 4,322.8250 +55.9880 1.31%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs