Progress Energy en Duke Energy Assesses 1700-Acre Chatham Co. Tract For Business Potential <p>A large parcel of undeveloped land near Siler City has been chosen by Duke Energy to take part in the utility's <a href="">Site Readiness Program</a>. The utility selected a total of 17 sites in the Carolinas, ten of which are in North Carolina. Duke Energy's Jeff Brooks says the 1700-acre Chatham County tract will be assessed for its potential to lure large industry and manufacturing to the area and calls it a "win-win" for everyone.</p> Mon, 06 May 2013 20:38:36 +0000 Catherine Brand 14885 at Duke Energy Assesses 1700-Acre Chatham Co. Tract For Business Potential Progress Energy A Top Producer Of Solar Power Nationwide <p></p><p><span style="line-height: 1.5;">The North Carolina utility company <a href="">Progress Energy</a> is among the nations leaders in solar production. Last year the utility company produced almost 70 megawatts of new solar generating capacity. The <a href="">Solar Electric Power Association </a>(</span>SEPA<span style="line-height: 1.5;">) says that’s the </span><span style="line-height: 1.5;">8</span><sup>th</sup><span style="line-height: 1.5;"> highest output of all U.S. utility companies. </span></p> Mon, 22 Apr 2013 09:01:00 +0000 Jeff Tiberii 13981 at Progress Energy A Top Producer Of Solar Power Nationwide Progress Reaches Tentative Deal To Cut Rate Hikes <p>Progress Energy has reached a tentative deal with the Public Staff on the state Utilities Commission to reduce its request for a rate increase.&nbsp; The agreement allows a 4.7 percent increase in June, then raises that to 5.7 percent next year.&nbsp; Progress filed for an 11 percent increase in October.&nbsp; Public Staff executive director Robert Gruber says it's a fair deal.<br><br>"What do they actually need in order to be able to operate reliably and attract investors?&nbsp; You have to compromise that need with the impact on consumers," Gruber says.</p> Wed, 27 Feb 2013 13:14:35 +0000 Will Michaels 11070 at Utilities Commission Approves Settlement With Duke Energy <p>State regulators have accepted the terms of a settlement with Duke Energy over its merger with Progress Energy.</p><p>The utility commission's vote was unanimous on the agreement terms announced last week. Duke Energy will move ahead with changes that include Jim Rogers' retirement as C-E-O. He plans to spend another year running the company But spokesman Tom Williams says Rogers could step away sooner.</p> Mon, 03 Dec 2012 22:10:00 +0000 Gurnal Scott 5702 at Duke Energy Could Spend Billions To Fix Florida Plant <p>Duke Energy may have to pay billions of dollars to repair the Crystal River nuclear plant in Florida.</p><p>A Charlotte engineering firm says the cost to fix a cracking outer-concrete layer of the containment unit could reach 3-point-4 billion dollars. Utility spokesman Mike Hughes says that's a worst-case scenario.</p><p style="margin-left: 40px; display: block;"><span style="font-weight: bold;">Mike Hughes:</span> "Including having to do additional repair work that is not part of the planned repair scope."</p> Wed, 03 Oct 2012 11:15:00 +0000 Gurnal Scott 2259 at Progress Energy To Shut Down Coal Plant <p>Progress Energy will close one of its older coal-fired plants tomorrow.</p><p>Officials with the Duke Energy subsidiary say the Lee plant near Goldsboro is one of four coal plants it will retire by the end of next year. The company will replace each of them with natural gas facilities designed to cut back on environmental emissions. Progress Energy spokesman Mike Hughes says it's part of a fleet modernization program begun three years ago.</p> Fri, 14 Sep 2012 20:25:00 +0000 Gurnal Scott 1901 at Duke Energy CEO Jim Rogers Testifies Before Florida Regulators <p>Duke Energy CEO Jim Rogers was in Florida's capital of Tallahassee yesterday to testify before power regulators there. the members of the Florida Public Service Commission questioned Rogers on the leadership change at the utility and about a failing nuclear facility in that state. Rogers said despite the issues the company faces, the Sunshine State is important to the company's future.<br> Tue, 14 Aug 2012 11:36:00 +0000 Gurnal Scott 1900 at Duke Energy Announces Rate Cuts <p>Duke Energy announced its first in a series of rate cuts.<br><br><strong>Leoneda Inge:</strong>&nbsp; Duke Energy and Progress Energy promised if the companies were allowed to merge they would implement millions of dollars in utility rate cuts one month after the merger was approved.&nbsp; The first round of cuts comes to about 89-million dollars.<br><br><strong>Inge:&nbsp;</strong> Yeah, I was just about to say, it’s about a dollar a month, hugh?<br><br><strong>Tom Williams:</strong> It’s about a dollar month, but you know we have just begun this process<br> Fri, 03 Aug 2012 13:00:00 +0000 Leoneda Inge 1954 at State Utilities Commission Hires Chicago Law Firm <p>Some new legal minds will be taking a look at the controversial Duke Energy-Progress Energy merger.<br> Thu, 02 Aug 2012 09:00:00 +0000 Gurnal Scott 1960 at Two Duke Energy Board Members Resign <p>Duke Energy is looking for new board members since the resignation of two former Progress Energy directors.&nbsp;<br> Tue, 31 Jul 2012 13:00:00 +0000 Leoneda Inge 1968 at