A feed-in tariff offers a set, long-term price for green energy based on such factors as type and size. It generally is used with smaller power generators.
If the company pursues the second green energy option, Duke Energy also would retire two 40- to 45-year-old oil-fired peaking stations -- the Miami Wabash and Connersville units -- totaling about 166 megawatts by June 1, 2018. These smaller units are used occasionally during times of high power demand.
If this option is pursued, Wabash River Units 2 through 5 must be retired by the mercury rule compliance deadline or by June 1, 2017, whichever occurs first.
Located in Knox County, Ind., near Vincennes, the advanced technology Edwardsport plant is one of the world’s cleanest coal-fired power generating facilities.
The facility uses advanced technology to gasify coal, strip out pollutants, and then burn that cleaner gas to produce electricity. The technology substantially reduces the environmental impact of burning coal to produce electric power.
Duke Energy Indiana’s operations provide approximately 7,500 megawatts of owned electric capacity to approximately 790,000 customers, making it the state’s largest electric supplier.
Duke Energy is the largest electric power holding company in the United States with more than $110 billion in total assets. Its regulated utility operations serve approximately 7.2 million electric customers located in six states in the Southeast and Midwest. Its commercial power and international business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States.
Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at: www.duke-energy.com.
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