Rochester, NY 7/11/2009 3:18:54 AM
End of Day Report - DUK - Residents' Issues Resurface as Duke Energy Begins to Relicense Lake Operations - Sourced WhisperFromWallStreet.com
Duke Energy Corporation
End of Day Report - DUK - Residents' Issues Resurface as Duke Energy Begins to Relicense Lake Operations - Sourced WhisperFromWallStreet.com
DUKE ENERGY CP HL CO,DUK
14.32 Up 0.09 (0.63%) 3:59pm ET
Old promises and unsettled scores are resurfacing as Duke Energy begins to relicense its hydro-electric operations on lakes Keowee and Jocassee with decisions bound to ripple out to future generations of South Carolinians. "The relicensing is the last opportunity in many of our lifetimes to impact many of the aspects of how the lake system is managed," said Bill Graham, president of the Friends of Lake Keowee Society, or FOLKS. The relicensing process will include input from numerous federal, state and local governmental and non-governmental agencies as well as the public, and concerns that are raised will be part of the discussion, said Sandra Magee, a Duke spokeswoman. The Federal Energy Regulatory Commission typically grants these licenses for 30 to 50 years. Duke's current 50-year license expires in 2016. Concerns of the grassroots non-profit FOLKS range from commercial development to interbasin water transfers - issues that already have garnered debate and are likely to continue to do so as the Upstate grows.
Last Trade: 14.33
Day's Range: 14.10 - 14.43
52wk Range: 11.72 - 19.10
Volume: 12,237,664
ABOUT
Duke Energy Corporation operates as an energy company in the Americas. The company has approximately 35,000 megawatts of electric generating capacity in the Midwest and the Carolinas, and natural gas distribution services in Ohio and Kentucky. It also has approximately 4,000 megawatts of electric generation in Latin America. The companys U.S. Franchised Electric and Gas segment generates, transmits, distributes, and sells electricity in central and western North Carolina, western South Carolina, southwestern Ohio, Indiana, and northern Kentucky; and transports and sells natural gas in southwestern Ohio and northern Kentucky. This segment supplies electric service to approximately 4 million residential, commercial, and industrial customers with approximately 150,900 miles of distribution lines and a 20,900 mile transmission system.
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