Duke Energy to invest $37 million in N.C. power-transmission line, substation

Image
-
0Comments

Duke Energy Progress said on Tuesday that it plans to build a 14-mile transmission line between Grants Creek and Jacksonville, North Carolina.

The company is investing $37 million on projects that will enhance the reliability of electricity in the area. Along with the transmission line, the utility also will construct a substation in Grants Creek, near Old 30 Road.

The utility will hold an open house on 4-7 p.m. EDT on Thursday at the Jacksonville Conference Center.

“Our goal is to minimize impacts to homes and businesses, the environment and cultural resources as we work to determine the final route,” Billy Harrell , project manager for the planned transmission line and substation, said. “We also want to address the questions and concerns of potentially affected property owners and are committed to communicating with the public throughout the process.”

Information on the project will be available on the company’s website beginning on Thursday.

Duke Energy Progress generates approximately 12,000 megawatts of electrical capacity through nuclear, coal-fired, natural gas and hydroelectric systems. The company serves approximately 1.5 million customers in North Carolina and South Carolina.

“We must invest in the electric system to ensure that it continues to meet the needs of this growing region,” Harrell said.



Related

WINDESCO: WeBoost Platform Increases Annual Output by $3,000 per Megawatts for Longroad Energy’s 145 Megawatts Acquired Wind Plant

WINDESCO: WeBoost Platform Increases Annual Output by $3,000 per Megawatts for Longroad Energy’s 145 Megawatts Acquired Wind Plant

WindESCo Helps Longroad Energy Optimize Wind Asset Performance to Unlock $430,000 in Annual Revenue

ACWA POWER: Signs three agreements for the first foreign investment based independent wind power project in Azerbaijan

ACWA POWER: Signs three agreements for the first foreign investment based independent wind power project in Azerbaijan

Following the signing of the implementation agreement for the $300 million Independent Power Project in January 2020, and under the patronage of the Ministry of Energy in Saudi Arabia, ACWA Power today executed the official agreements for the 240 MW wind power project that will be located in the Absheron and Khizi regions.

CAPITAL DYNAMICS: Exits 108-Megawatt Beacon II and V Solar Portfolio in Kern County, California

CAPITAL DYNAMICS: Exits 108-Megawatt Beacon II and V Solar Portfolio in Kern County, California

Capital Dynamics, an independent global private asset management firm, completed the sale of a majority interest in its Beacon portfolio to TortoiseEcofin and S&B USA Energy. Each buyer has acquired a 49.5% ownership of the portfolio. Capital Dynamics retains a minority stake of 1%.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Power News Wire.