Duke submits loan guarantee application for new nuclear units


CHARLOTTE, NORTH CAROLINA Duke Energy has submitted the first part of an application for a federal energy loan guarantee to the U.S. Department of Energy (DOE) for its proposed William States Lee III Nuclear Station. This is another step in the process of keeping the new nuclear option available for customers.

"Filing this application with the DOE can lead to long-term benefits for our customers," said Duke Energy CEO Jim Rogers. "Loan guarantees allow utilities to lower capital costs for new nuclear construction, which ultimately leads to lower electricity prices for consumers."

The federal government has decades of experience managing loan guarantee programs, which provide financing for support of critical U.S. infrastructure. The loan guarantee program supporting clean energy was established as part of the Energy Policy Act of 2005. The program will follow defined procedures and practices that include rigorous reviews of all applications.

Duke Energy, one of the largest electric power companies in the United States, supplies and delivers electricity to approximately 4 million U.S. customers in its regulated jurisdictions. The company has approximately 35,000 megawatts of electric generating capacity in the Midwest and the Carolinas, and natural gas distribution services in Ohio and Kentucky.

In addition, Duke Energy has more than 4,000 megawatts of electric generation in Latin America, and is a joint-venture partner in a U.S. real estate company.

PR Newswire

Electricity News
Product Info Centres
Electrical Transformers
Electrical Test Equipment
Electrical Safety/Arc Flash
Electrical Safety Forum
Arc Flash Clothing
Renewable Energy
Alternative Energy
Other Options

Subscription

 
Training Courses

2-Day LV-MV-HV Electrical Safety Training

  • May 6-7, 2015 - Edmonton, AB
  • May 11-12, 2015 - Mississauga, ON
  • September 15-16, 2015 - Edmonton, AB
  • September 21-22, 2015 - Mississauga, ON
  • September 23-24, 2015 - St. Johns, NL

1-Day Arc Flash/Electrical Safety Workshop

  • May 5, 2015 - Richmond, BC
  • May 6, 2015 - Edmonton, AB
  • May 8, 2015 - Winnipeg, MB
  • May 11, 2015 - Mississauga, ON
  • May 13, 2015 - St. Johns, NL
  • September 14, 2015 - Richmond, BC
  • September 15, 2015 - Edmonton, AB
  • September 17, 2015 - Winnipeg, MB
  • September 21, 2015 - Mississauga, ON
  • September 23, 2015 - St. Johns, NL

Generators and Standby Emergency Power

  • May 11-12, 2015 - Richmond, BC
  • May 13-14, 2015 - Edmonton, AB
  • May 20-21, 2015 - Mississauga, ON

1-Day HV Electrical Safety Workshop

  • May 12, 2015 - Mississauga, ON
  • September 16, 2015 - Edmonton, AB
  • September 22, 2015 - Mississauga, ON
  • September 24, 2015 - St. Johns, NL

Canadian Fire Alarm System Training

  • June 1-2, 2015 - Richmond, BC
  • June 3-4, 2015 - Edmonton, AB
  • June 8-9, 2015 - Mississauga, ON
  • June 10-11, 2015 - St. Johns, NL

2015 Electrical Code Update Training

  • September 8-9, 2015 - Victoria, BC
  • September 10-11, 2015 - Richmond, BC
  • October 5-6, 2015 - Edmonton, AB
  • October 7-8, 2015 - Calgary, AB
  • October 13-14, 2015 - Winnipeg, MB
  • October 15-16, 2015 - Mississauga, ON

Electrical Testing and Commissioning Industrial Power Systems

  • October 19-20, 2015 - St. Johns, NL
  • October 21-22, 2015 - Mississauga, ON
  • October 26-27, 2015 - Winnipeg, MB
  • October 28-29, 2015 - Edmonton, AB

Electrical Grounding and the 2015 Canadian Electrical Code

  • November 30-December 1, 2015 - Mississauga, ON
  • December 2-3, 2015 - Winnipeg, MB
  • December 7-8, 2015 - Edmonton, AB
  • December 9-10, 2015 - Richmond, BC
 
Affiliates
 
Featured Product

S&C IntelliRupter® PulseCloser

S&C Electric Company
S&C's IntelliRupter PulseCloser is a breakthrough in distribution system protection.
more...
 
Advertisement
 
Latest Buyer's Guide Companies
Sign Up Today and Receive Our FREE E- Newsletter

E-newsletter service - Exciting industry trends, technical developments, product information, forums and electrical training courses.