ProfitQuotes.com
symbol lookup  commodity list
Bookmark This Page
Friday's ETF with Unusual Volume: RSPU

Fri, 03 May 16:24:07 GMT
S&P 500 Analyst Moves: CTRA

Fri, 03 May 16:12:25 GMT
Portfolio Channel
Free Energy Dividend Stock Report
Free Dividend Report - Top Ranked Stocks
Free Dividend Paying Gold/Metals Stocks Report
Get a quote box (like the one below) for your site!
ProfitQuotes.com Commodities Quotes
commodity quotes list
energy quotes  gold quotes
uranium stocks  
solar power stocks

wind power stocks

Industry focus:

advertising stocks,
space stocks,
aerospace stock,
aerospace sector,
list of aerospace companies,
largest chemical companies,
chemical stock,
chemical news,
best agriculture stocks,
ag stocks,
chinese agriculture stocks,
top agriculture companies,
agriculture stocks,
agricultural stocks,
agricultural stock,
stocks agriculture,
agriculture markets,
agriculture index,
agriculture industries,
agricultural investment,
agriculture investment,
agricultural industry,
farm stock,
airline stock symbols,
airline stock prices,
airline stock,
airlines stock,
clothing stock,
fashion stocks,
publicly traded fashion companies,
clothing company stocks,
apparel stock,
apparel companies,
application software stocks,
asset management stocks,
auto stocks,
auto industry stocks,
chinese auto stocks,
auto stock prices,
automotive stock,
auto parts stocks,
community bank stocks,
regional bank stocks,
canadian bank stocks,
banking stock,
national bank stocks,
commercial bank stock,
banks stock,
bank stock quote,
bank stocks,
banking industry,
alcohol stocks,
beverage stock,
global wine stocks,
wine stocks,
liquor stock,
biotech stocks list,
biotechnology investing,
public biotech companies,
top biotech stocks,
nanotechnology stock,
largest biotech companies,
biotechnology stock,
biotech investing,
investing in biotech,
best biotech companies,
bio stocks,
biotech sector,
biotechnology investment,
biopharma companies,
new biotech companies,
biotech investment,
biotechnology industries,
nanotech stocks,
biotech stocks,
biotechnology articles,
biotechnology news,
business stocks,
service stocks,
chemical companies,
chemical industries,
chemical industry,
chemical company,
chemicals company,
cigarette stock,
cigarette company stocks,
cigarette stock symbols,
tobacco company stocks,
tobacco stock,
cigar stocks,
communications stocks,
communication stock,
computer peripherals companies,
computer peripherals,
computers stocks,
computer stock,
computer web,
internet stocks,
construction stocks,
machinery stocks,
builders stocks,
building stocks,
consumer goods stocks,
consumer services stocks,
consumer services companies,
lending stocks,
mortgage banking,
lending companies,
mortgage bankers,
loan services,
mortgage services,
mortgage bank,
loan bank,
defense stocks,
defensive stock,
department store stocks,
diagnostic company,
diagnostic companies,
pharmaceuticals stocks,
drug stocks,
drug company stocks,
pharma stock,
education stocks,
college stock,
electric utility stocks,
electric company stocks,
electric utilities stocks,
utility stocks,
utilities stocks,
power equipment companies,
electrical supply companies,
electronic stocks,
entertainment stock,
movie stocks,
movies companies,
movie company,
cefs,
open ended and closed ended mutual funds,
closed ended investment,
closed ended fund,
bonds fund,
closed end,
food stock,
game stock,
gambling stocks,
casino stocks,
gaming stocks list,
gaming stocks,
gas utility companies,
gas company stocks,
construction industries,
builders contractors,
construction services,
construction industry,
grocery store stocks,
supermarket stock,
drug store stocks,
home stocks,
furniture stock,
home improvement stocks,
medical company stocks,
top medical stocks,
medical stock,
hospital stock,
medical supply stocks,
medical technology stocks,
medical device stocks,
medical equipment stocks,
copper mining,
palladium mining stocks,
mining metals,
mining,
mining news,
gold exploration,
mining share price,
lithium mines,
mining industries,
international mining companies,
mining information,
molybdenum mining companies,
nickel mining companies,
metals and mining stocks,
gold and silver mining stocks,
copper mining companies,
rare earth mining companies,
rare metals stocks,
rare earth stocks,
metals stocks,
welding stock,
nonprecious metals,
non metallic mining,
office supplies companies,
office supply companies,
oil services stocks,
oil pipeline stocks,
gas pipeline stocks,
gas pipeline companies,
pipeline companies,
natural gas pipeline companies,
oil services companies,
oil field services,
oil service stocks,
natural gas pipelines,
oilfield service companies,
oil and gas pipeline companies,
oil gas pipeline,
oil exploration stocks,
oil exploration sector,
oil exploration companies,
oil drilling stocks,
oil drilling companies,
oil production companies,
china oil companies,
brazil oil companies,
china oil stocks,
brazil oil stocks,
oil companies,
oil stocks,
oil drilling,
oil exploration,
offshore oil drilling companies,
list of oil drilling companies,
oil and gas exploration,
oil and gas drilling,
oil and gas stocks,
oil and gas drilling companies,
oil refining companies,
oil marketing companies,
oil refining stocks,
oil refining sector,
oil refinery companies,
oil refinery stocks,
major oil companies,
oil sector,
oil refinery,
oil refinery company,
oil company,
oil marketing company,
oil refining company,
oil refining industry,
major oil companies list,
oil and gas companies,
crude oil stocks,
packaging companies,
container companies,
packaging stocks,
packaging sector,
container sector,
pulp stocks,
paper stocks,
timber stocks,
pulp companies,
paper companies,
timber companies,
timber trusts,
cardboard companies,
paper sector,
timber sector,
paper companies list,
silver mining companies,
gold mining companies,
gold mining sector,
precious metal stocks,
mining companies,
exploration sector,
mining sector,
exploration stocks,
mining stocks,
silver stocks,
gold stocks,
gold mining stocks,
silver mining stocks,
silver mining company,
canadian mining companies,
gold mining,
gold mining company,
mining company,
list of mining companies,
gold stocks list,
largest gold mining companies,
silver mining,
printing companies,
printing stocks,
printing sector,
newspaper stocks,
newspaper sector,
newspaper companies,
publishing stocks,
publishing sector,
publishing companies,
digital media companies,
digital media stocks,
digital media sector,
book publishing companies,
digital media company,
publishing company,
railroad stocks,
railroad sector,
railroad companies,
railroad company,
railroad investment,
major railroad companies,
real estate companies,
real estate stock,
real estate public companies,
real estate investing,
real estate investments,
real estate sector,
commercial real estate investing,
real estate investment firms,
real estate investing guide,
REITs,
real estate investment trust,
REIT sector,
REIT stocks,
REITs sector,
REITs stock,
public REITs,
real estate investment trusts,
real estate investment trust companies,
real estate investment trusts REITs,
real estate investment companies,
real estate investment company,
real estate investment trust REIT,
rubber stocks,
plastic stocks,
rubber companies,
plastic companies,
rubber sector,
plastic sector,
plastic manufacturing companies,
rubber company,
plastic company,
semiconductor stocks,
semiconductor investments,
semi stocks,
semiconductor companies,
semiconductor sector,
shipping stocks,
dry bulk stocks,
container stocks,
dry bulk shipping,
dry bulk shipping companies,
tanker stocks,
shipping companies,
shipping sector,
specialty retail,
retail stocks,
retail investing,
retail store stocks,
consumer stocks,
consumer investment,
retail companies,
retail sector,
sports stocks,
sports investing,
sporting goods stocks,
sports investments,
sporting goods companies,
sporting goods sector,
stock message boards,
television stocks,
television investment,
radio stocks,
radio invest,
media stocks,
media invest,
media investment,
media investing,
television companies,
television sector,
radio sector,
radio companies,
media companies,
media sector,
textile stocks,
apparel stocks,
textile investment,
textile companies,
textile sector,
apparel sector,
freight investment,
transportation investment,
truck investment ,
freight stocks,
transportation stocks,
trucking stocks,
trucking companies,
trucking sector,
waste management stocks,
waste stocks,
recycling stocks,
waste investment,
waste companies,
waste sector,
water stocks,
water utilities,
water investing,
water investment,
water companies,
water sector

Home Oil & Gas Electricity Metals Treasuries Stocks My Portfolios Forex
News - Full Story
 Related Quotes
 Duke Energy Corporation Holding Company  100.26   0.95  0.96%
 Enter Symbols: 

Advancing the Future of Energy With Person County, NC

Replacing coal plants with natural gas would continue tradition of reliable power while supporting local workforce

NORTHAMPTON, MA / ACCESSWIRE / April 11, 2024 / Duke Energy

By Gina DiPietro | illumination Staff Writer

When Derrick Smith was in elementary school, his uncle traveled to power plants across North Carolina to repair and maintain equipment that delivered power to millions of people as part of his job at Carolina Power & Light (now part of Duke Energy). Even as a child, Smith understood how important that job was.

It inspired him to become a chemistry technician at Duke Energy's Roxboro (Hyco) Plant in Semora, N.C., a little north of where Smith grew up in Person County.

"It means something to be able to power the homes and lives of people in this area and across the state," he said. "That gives me something to look forward to each and every day."

It's a sentiment shared by Jack Long Jr., a mechanic at Duke Energy's Mayo Plant, also in Person County.

"People rely on us to keep the lights on," Long said. "Plus, it's right here, 10 miles from my house. I don't want to travel far to come to work. And it's good paying jobs, you know."

In the future, their mission to provide reliable power will be the same - how it is done, though, will be different.

Roxboro has used coal to generate electricity since 1966; Mayo has been in operation since 1983. And like most U.S. coal plants, the facilities are reaching the end of their operational lives. They'll be replaced by a mix of cleaner energy sources - renewables, batteries, advanced nuclear and natural gas - as the company works toward net-zero carbon emissions.

To keep jobs and investment in an area that depends on it, Duke Energy has proposed two new hydrogen-capable natural gas units at the Roxboro site, which would become the Person County Energy Complex. These investments would support the state and region's growth while prioritizing the local workforce - employees like Smith who want to continue a family tradition of powering the community.

"We're blessed to have the jobs and opportunities that we've got, because we can live and grow our families here," Smith said. "To see that go away would really change the dynamic of this community."

As one of the county's largest employers, Duke Energy is responsible for 20% of its tax base, an economic impact of about $7 million annually.

"When you look at the numbers, it's very easy to see the magnitude of Duke Energy's impact," said Person County Commissioner Gordon Powell. "I certainly want to see Person County be a focal point of new technology and advances being made in power generation. We would love to have Person County be an energy hub for North Carolina."

New natural gas generation in North Carolina would benefit customers in South Carolina, too. Both regions are experiencing tremendous growth, and with that comes a need for more electricity.

Contributing to increased energy demand is population growth, increasing adoption of electric vehicles and, most of all, major new investments from manufacturing and technology companies. While Duke Energy's plans call for thousands of megawatts of renewables and energy storage, advanced nuclear and other emerging technologies aren't available yet. To meet growth in the interim while retiring coal, the company needs a reliable resource like natural gas.

"I love coal," Long said, "but we're already seeing the shift away from coal. Years ago, when we needed parts, it was on the next flight or the next truck here. Now, you know, it can be six weeks or six months. So, we're seeing that it's harder to get supplies. And it's going to get more expensive in the future for us to run these plants."

Natural gas is available 24/7 - with fewer emissions than coal and at a lower cost than renewables alone. Solar and wind generation fluctuate based on the weather, but natural gas is available around the clock to fill in the gaps. The new units would be designed to operate on carbon-free hydrogen in the future.

"[Roxboro] plays a huge role in meeting the energy needs of our state," Smith said, "but as we've upgraded and modernized these plants over the years, it also meant we got to bring in additional contract resources who - like the employees - are coming into this community to shop locally, spend their money by going out to restaurants, staying in hotels. And again, that's just additional revenue to benefit the business owners in this community."

Duke Energy serves millions of utility customers by safely generating and delivering the electricity needed to keep their lives and businesses running. And in addition to the jobs and tax benefits that brings to its power plant communities, the company invests in the area's most worthy causes.

"Because of Duke Energy's commitment to the community, Person County has seen more than $600,000 in local giving to nonprofit organizations in recent years," said Duke Energy Foundation Manager Louis Duke. "Duke Energy Foundation grants, employee donations and local sponsorships have been tremendously beneficial to the community's charitable causes."

"Our team members give back to this community in a big way," said Beth Townsend of Duke Energy, the region's government and community relations manager. While she's somewhat new to the role (just shy of a year), Townsend has lived in Person County for nearly 20 years.

"Through fundraisers, golf tournaments and company-matched donations, our employees give thousands [of dollars] to help fulfill the needs of local nonprofits and other organizations that support the people who live and work here," Townsend said. "It's heartwarming to see, but also to be able to raise a family in this kind of environment."

If approved by regulators, the new Person County units would be operational in 2028 and 2030. The company also plans to build hydrogen-capable natural gas units at its Marshall Steam Station site in Catawba County, N.C., as well as at another site in South Carolina.

Power plants have been part of Person County's history for so long that Smith said it's hard to imagine the community without it. Knowing that a replacement could be on the way is exciting, he said, and will allow the current workforce to take on a new challenge.

"In new challenges, there is going to be great opportunity. We've already got a lot of skilled labor at this site. They can easily jump into operations at a new site on day one and not miss a beat," Smith said. "So, I think our future is very bright."

View original content here.

View additional multimedia and more ESG storytelling from Duke Energy on 3blmedia.com.

Contact Info:
Spokesperson: Duke Energy
Website: https://www.3blmedia.com/profiles/duke-energy
Email: info@3blmedia.com

SOURCE: Duke Energy



View the original press release on accesswire.com

<  back


TickerTech.com Private-label branded pages powered by TickerTech.com. Copyright © 2024 Ticker Technologies, All Rights Reserved. Quote data is at least 20 minutes delayed. NYMEX/COMEX data is at least 30 minutes delayed. Please read other important disclaimer information.
"A successful man will profit from his mistakes and try again in a different way." - Dale Carnegie
Google
 

© Ticker Technologies, all rights reserved. Profitquotes.com is wholly owned by Ticker Technologies and serves to demonstrate the company's products to prospective clients. All quotes are in US Eastern Time (EST) and delayed at least 15 minutes. NYMEX/COMEX data delayed at least 30 minutes. Data is presented for informational purposes only and not intended for investment purposes. Nothing on this site should be considered advice, opinions, recommendations, or endorsements from ProfitQuotes.com or TTI Group. Full Disclaimer.