Duke deal could spur development – Rocky Mount Telegram


The potential agreement between Duke Energy Progress and the N.C. Eastern Municipal Power Agency could spur economic development in the area, local officials said.

According to Monday’s announcement, the deal is likely to reduce rates for the city’s 27,000 electric customers. The full extent of the impact is yet to be determined, but approval of the deal is set to be completed by the end of 2016. The Federal Energy Regulatory Commission and N.C. Utilities Commission must still approve the deal.

In the proposed deal, Duke Energy Progress agreed to pay $1.2 billion for N.C. Eastern Municipal Power Agency’s generating assets in five facilities as well as fuel inventories and spare parts. (Source: Read more)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.