Duke Still Pursuing Nuclear

Mar 16, 2011

Credit Duke Energy

Duke Energy CEO Jim Rogers says his company will continue to pursue building new nuclear plants in the Carolinas. Rogers spoke yesterday during a hearing of the North Carolina Utilities commission. Rogers was discussing the development of the Lee Nuclear Station in South Carolina. Duke is asking to spend $285 million to continue to develop the plant. Some of the money will likely come from a rate increase on North Carolina customers.

Rogers says the nuclear reactor failures in Japan haven’t changed the company’s position:

"Our commitment hasn’t faltered because it is the only technology today that produces electricity today with zero greenhouse gases."

The Utilities Commission is expected to decide within 6 months if Duke can spend more money to develop the Lee Nuclear site.