Duke Energy to Retire 3,400 Megawatts of Older Coal-Fired Units in 2013

Duke Energy (NYSE:DUK)  announced that they have released their 2012 Sustainability Report.

As quoted in the press release:

As part of Duke Energy’s $9 billion generation fleet modernization program, the company will retire more than 3,400 megawatts of older coal-fired units by the end of 2013. That number will grow to 6,300 megawatts of coal capacity retired over the next few years. Investments in new power plants and upgrades at other units have reduced sulfur dioxide emissions by 83 percent and nitrogen oxides emissions by 64 percent since 2005.

Duke’s Chairman and CEO,  Jim Rogers, said:

Current drivers of change include the shale gas revolution, emerging technologies and anemic growth in energy usage. Also, our nation must address global climate change in a more comprehensive way.

To view the whole press release, click here.