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Duke Energy Continues To Rise In Solar Electricity Rankings

Duke Energy Renewables began developing solar facilities in 2009 and today owns 15 solar power projects in five states -- Arizona, California, Florida, North Carolina and Texas. This power is being sold to other utilities, municipalities and businesses. To avoid regulatory concerns, Duke Energy Renewables has not sold power directly to Duke Energy's regulated utilities.

Through a partnership with Integrys Energy, Duke Energy Renewables also has developed about 15 megawatts of rooftop and ground-mounted distributed solar installations in five states.

"Renewable energy continues to grow across the U.S. as technology improves and costs decline," said Duke Energy Renewables President Greg Wolf. "We see a healthy market for solar energy in the future and Duke Energy will be an active participant."

In 2012, more than 30 percent of Duke Energy's electricity to serve retail customers was generated from carbon-free sources, which included nuclear, hydro, solar and wind. You can read more about the company's generation in Duke Energy's Sustainability Report.

Duke Energy is the largest electric power holding company in the United States with more than $110 billion in total assets. Its regulated utility operations serve approximately 7.2 million electric customers located in six states in the Southeast and Midwest. Its commercial power and international business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States.

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 at: www.duke-energy.com.

Contact: Randy WheelessOffice: 704.382.8379 | 24-Hour: 800.559.3853

SOURCE Duke Energy

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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