Progress Energy Carolinas Closes Coal Plants Earlier Than Expected

Industrial Metals

Progress Energy Carolinas, a subsidiary of Duke Energy (NYSE:DUK), reported the accelerated closing of two coal-fired plants this year, whose closings were originally slated for 2013.

As quoted in the press release:

The company announced today that the 316-megawatt (MW) Cape Fear coal-fired plant, located near Moncure, N.C., and the 177-MW H.B. Robinson Unit 1 coal-fired plant, located near Hartsville, S.C., will be retired Oct. 1, 2012. Both will remain online through the summer season to help meet heightened electricity demand.

Jeff Lyash, executive vice president of Energy Supply for Duke Energ, commented:

These plants, and especially the men and women who have operated and maintained them, have played a vital role in meeting customer energy needs reliably and affordably for decades. As we continue modernizing our generation system, we salute those who have been instrumental in fueling our region’s economic growth so dependably.

Click here to read the full press release.
PR Newswire (https://s.tt/1jcDQ)