North Carolina Eastern Municipal Power Agency

Duke Energy Progress Files with FERC for Approval to Purchase NCEMPA Generation Assets

Submitted by aburr on Thu, 2014-10-16 15:29

Duke Energy Progress filed with FERC for approval to purchase the North Carolina Eastern Municipal Power Agency's (NCEMPA) generating assets for $1.2 billion. NCEMPA currently maintains partial ownership interest in several Duke Energy Progress plants, including Brunswick Nuclear Plant Units 1 and 2, Mayo Plant, Roxboro Plant Unit 4, and the Harris Nuclear Plant. The Power Agency's ownership interest in these plants represents approximately 700 MW of generating capacity.

Transactions (September 2014)

Duke Energy Progress agreed to purchase $1.2 billion of certain generating assets from North Carolina Eastern Municipal Power Agency; Acquisitions by PSEG Solar Source and SunEdison; Exelon will provide equity financing for 21 MW of Bloom Energy fuel cell projects; Debt issues from Calpine and NRG Yield Operating.

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Duke Energy Progress to Purchase NCEMPA Generation Assets

Submitted by aburr on Wed, 2014-07-30 12:46

Duke Energy Progress (Duke) and the North Carolina Eastern Municipal Power Agency (NCEMPA) approved an agreement for Duke to purchase the Power Agency’s ownership in certain generating assets. NCEMPA currently maintains partial ownership interest in several Duke Energy Progress plants, totaling approximately 700 MW, including: Brunswick Nuclear Plant Units 1 and 2, Mayo Plant, Roxboro Plant Unit 4 and the Harris Nuclear Plant.

Duke Energy Expands Washington White Post Solar Power Project

Submitted by aburr on Mon, 2013-09-23 13:15

Duke Energy Renewables began construction on a 5-MW utility-scale solar power project in Beaufort County, N.C., adjacent to its 12.5-MW Washington White Post facility. As in the initial project, the solar energy generated from the Washington White Post II site will be sold through a 15-year agreement to North Carolina Eastern Municipal Power Agency (NCEMPA). Duke Energy Renewables has contracted with SunEnergy1 to build the 27,450-panel photovoltaic project. It should be complete by the end of 2013.