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admin | Category: Reverse Lookup Free | 02.04.2015
Duke Energy Corp (NYSE:DUK) Florida received approval to build, own and operate a 5-megawatt solar facility that will serve the Reedy Creek Improvement District near Orlando. The Reedy Creek Improvement District Board of Supervisors voted to accept a 15-year power-purchase agreement with Duke Energy Florida Solar Solutions LLC, a subsidiary of Duke Energy Florida, to purchase solar energy from the facility.
Once constructed, all of the energy from the facility will be sold to the district to meet its energy needs.
The facility will occupy approximately 20 acres near World Drive and Epcot Center Drive at Walt Disney World Resort.
Construction is expected to begin mid-summer with the facility to be in service by year end. The facility’s 48,000 solar panels will be arranged in the shape of a Disney-inspired design. The solar facility for the Reedy Creek Improvement District is equivalent to about 1,000 typical residential solar rooftop systems. Duke Energy Florida has taken several steps to advance solar technology in its service area. In April, the company announced plans to build up to 500 megawatts of solar by 2024 as part of a 10-year plan.
On the ratings front, Duke Energy has been the subject of a number of recent research reports.
Duke Energy announced plans Tuesday for the nation's largest wind farm and energy storage system in the western United States, prompting questions about whether the utility should offer major clean energy projects in Florida and the East Coast. Duke-American Transmission, a subsidiary of Duke Energy, would join three other companies to create the $8 billion project that would produce twice as much electricity as the Hoover Dam. The project's plans call for the construction of the wind farm in Wyoming and for a storage facility in Utah. Clean-energy advocates praised the project while challenging Duke to find ways to develop major clean energy initiatives in the Sunshine State and throughout the southeastern United States where the utility is based.
The Southern Alliance and NC WARN have led calls in Florida and the Carolinas for Duke to do more with renewable energy a€” solar in particular. As rooftop solar continues to gain traction in California, New Jersey, Massachusetts, Georgia and other states, Florida has lacked political support in Tallahassee to bolster use of the technology. Duke, Tampa Electric and Florida Power & Light a€” the state's three largest investor-owned utilities a€” maintain monopoly control over most of the electricity generated in the state. Without a storage system like what Duke and its partners plan for caverns in Utah, the investor-owned utilities have difficulty making solar or wind energy economical on a large scale. Still, one Georgia utility regulator, Bubba McDonald, a Republican backed by the Tea Party, pushed for solar there and a year ago challenged Florida to do the same, despite the technical obstacles. Duke has been looking for 22 acres in Pinellas County for a solar farm, but that project would provide power to one small community, not the 1.2 million homeowners that the project designed for Los Angeles would.
Duke also recently announced a $500 million expansion of its solar efforts in North Carolina.


In a conference call Tuesday about the new wind project, Duke and its partners said the resources for wind and storage made this particular project feasible, coupled with demands in California for more clean energy. In a pivotal week for Duke Energy Florida, state lawmakers are targeting the utility with a series of proposals to bolster consumer protection and prevent unbridled spending of ratepayer dollars. Dean also intends to file a bill to remedy billing problems Duke caused customers during a rerouting project for the utility's meter reading system. In particular, the PSC is deciding whether to approve $1.5 billion for a natural gas plant Duke wants to build in place of the failed nuclear projects. The commission also will consider a request by consumer advocates to order Duke to credit $54 million to customers immediately for nuclear equipment that was never produced. Duke will have collected all of the money for the equipment from its customers by the end of the year through the nuclear advance fee. Duke canceled the project last year after it proved too expensive to build, though customers continue to pay the expenses related to the project.
The $54 million was for equipment Duke's contractor, Westinghouse Electric Co., never produced. Duke says it will credit the $54 million, if it can get it back in a lawsuit against Westinghouse.
Lawmakers are increasingly saying Duke has for too long picked the pockets of its 1.7 million Florida customers. An end to the advance fee would halt all efforts in the state to produce nuclear power in the near future, though most proposed reactors have been delayed or canceled largely because of cheap natural gas. And some 17 environmental groups announced Monday that they are considering a lawsuit to prevent the U.S. Duke and Florida Power & Light are seeking operating licenses to build two reactors each. The license is good for 20 years and could be amended for future use if Duke changed its mind about constructing new reactors.
Duke sought to make its routes more efficient, but the changes led to additional charges to 165,000 customers. We are so appreciative of Duke Energya€™s support for a€?Prepare Florida", said Linda Carbone, Chief Executive Officer for Floridaa€™s West Coast Region and the Tampa Bay Chapter. The Duke Energy Foundation today presented a $50,000 donation to the American Red Cross a€?Prepare Floridaa€? campaign from the Duke Energy Foundation. In a report issued on May 7, RBC analyst Shelby Tucker reiterated a Buy rating on DUK, with a price target of $93, which implies an upside of 22.4% from current levels. The Company operates in three business segments; Regulated Utilities, International Energy and Commercial Power.
The system would power 1.2 million homes in the Los Angeles area by 2023 if federal, state and local regulators approve the project. That's because solar and wind do not consistently produce power 24 hours a day, as coal, natural gas and nuclear do.


Neither nuclear project will provide a kilowatt of electricity for the billions customers are paying. Wilton Simpson, R-Trilby, who on Friday threatened to file his own legislation after a Tampa Bay Times report last week.
Nuclear Regulatory Commission from approving any new licenses until the federal regulator resolves how to safely dispose of nuclear waste. Because Duke has spent hundreds of millions in ratepayer money on Levy, the state supports its attempt to obtain its license.
The changes also extended some customers bills by up to 12 days, increasing their monthly bills by $100 or more.
The funds will be used to support the three-year landmark campaign that will educate and empower hundreds of thousands of Floridians on how to take necessary action to care for themselves, their families and their neighbors during emergencies and will educate our citizens about what to expect during and after a disaster.a€?We are so appreciative of Duke Energya€™s support for a€?Prepare Florida,a€? said Linda Carbone, Chief Executive Officer for Floridaa€™s West Coast Region and the Tampa Bay Chapter.
Separately, on May 4, Barclays’ Daniel Ford maintained a Hold rating on the stock and has a price target of $82. Kathleen Peters, R-South Pasadena, are scheduled to announce legislation to rein in Duke and the Public Service Commission. That report pointed to decisions the PCS will make on Thursday about Duke and hundreds of millions of dollars more of ratepayer money. If Duke loses the case, customers could face another half-billion dollars in expenses for the Levy project. Petersburg, wrote the PSC, urging commissioners to order Duke to refund the $54 million to ratepayers.
Petersburg unveil photovoltaic solar energy battery project May 21, 2015 reve Duke Energy Florida and the University of South Florida St. Petersburg (USFSP) today unveiled a new solar battery project that will explore how to store and use energy from the sun. High-resolution data is being collected on the PV installation and on the energy storage system which is displayed on an online dashboard and several kiosks on campus.The new larger energy storage system operates in conjunction with two smaller existing USF energy storage systems. Twenty-four K-12 schools in the Duke Energy Florida service territory have received 25-kilowatt-hour battery backup systems funded by the company that are integrated with their solar PV installations. As with other battery storage projects at Duke Energy, there is performance monitoring of these systems to learn more about combining intermittent energy resources with storage. Department of Energy to install 36-megawatt (MW) large-scale batteries capable of storing electricity produced by its 153-MW Notrees wind farm.



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