Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina . The company ranked as the 141st largest company in the United States in 2024 – its highest-ever placement on the Fortune 500 list.
77-770: Duke Energy is based in Charlotte, North Carolina. It owns 58,200 megawatts of base-load and peak generation in the United States, which it distributes to its 7.2 million customers. It has approximately 29,000 employees. Duke Energy's service territory covers 104,000 square miles (270,000 km) with 250,200 miles (402,700 km) of distribution lines. Almost all of Duke Energy's Midwest generation comes from coal, natural gas , or oil, while half of its Carolinas generation comes from its nuclear power plants . During 2006, Duke Energy generated 148,798,332 megawatt-hours of electrical energy. Duke Energy Renewable Services (DERS),
154-617: A Combined Construction and Operating License to the Nuclear Regulatory Commission , with an announcement that it will spend $ 160 million in 2008 on the plant with a total cost of $ 5 billion to $ 6 billion. The plant was approved in 2016. In August 2017, Duke decided to seek permission from the North Carolina Utility Commission to cancel the project due to the bankruptcy of Westinghouse and "other market activity", although they retained
231-558: A light bulb with a power rating of 100 W is turned on for one hour, the energy used is 100 watt hours (W·h), 0.1 kilowatt hour, or 360 kJ . This same amount of energy would light a 40-watt bulb for 2.5 hours, or a 50-watt bulb for 2 hours. Power stations are rated using units of power, typically megawatts or gigawatts (for example, the Three Gorges Dam in China is rated at approximately 22 gigawatts). This reflects
308-405: A "dynamic resilient grid." Smart grids are an important technology in smart cities. The improved flexibility of the smart grid permits greater penetration of highly variable renewable energy sources such as solar power and wind power. Energy Data Management Systems (EDMS) can help to save cities energy by recording data and using it to increase efficiency. For a smart city to function, it
385-427: A campaign in which Phil Radford called on Duke Energy to abandon mountaintop removal coal, produce a third of its energy from renewable sources by 2020, and abandon coal altogether by 2030." In May 2011, Duke agreed to pay $ 30M to resolve allegations that changes made to the company pension plan disproportionately harmed employees over 40, costing many of them up to half of their accrued benefits. In December 2011,
462-535: A city saves time and flexibility by driving, the resultant excessive driving of the community causes traffic congestion and environmental issues . This situation is worsened when public transportation services get little attention due to the use of personal vehicles. Philosophical predecessors of smart cities can be found in utopian works such as New Atlantis (1626). Another was Ebenezer Howard 's 1898 concept of Garden Cities . These were dense, size-limited cities founded in rural areas by private groups, combining
539-439: A conventional "transactional" relationship with its citizens. Yet, the term is open to many interpretations. Many cities have already adopted some sort of smart city technology. Smart city initiatives have been criticized as driven by corporations, poorly adapted to residents' needs, as largely unsuccessful, and as a move toward totalitarian surveillance . Historically, cities functioned as centers of innovation, and
616-544: A deal announced March 27, 2006. The Power Building was demolished February 24, 2007. Duke Energy Center at 550 South Tryon Street was announced as the company's headquarters in 2009. The company announced May 17, 2021 that the headquarters will move in 2023 to Duke Energy Plaza , across the street from the current headquarters. Childress Klein is developing the new building, which will allow Duke to sell its Church Street and College Street buildings, and end its lease at 400 South Tryon . Previously named Charlotte Metro Tower,
693-507: A key role in smart cities. Electric companies, working partnership with city officials, technology companies and a number of other institutions, are among the major players that helped accelerate the growth of America's smart cities. According to David K. Owens, the former executive vice president of the Edison Electric Institute , two key elements that a smart city must have are an integrated communications platform and
770-437: A lot of unreported and underreported items and the tax claim was actually too low. In May 2013, university students launched a campaign for Brown University to divest fossil fuels, specifically referring to Duke Energy and other coal plant operators. On February 2, 2014, the massive Dan River coal-ash spill led to a grand jury investigation into Duke Energy. The initial investigation was overseen by Governor Pat McCrory , who
847-832: A period of one year: equivalent to approximately 114 megawatts of constant power output. The watt-second is a unit of energy, equal to the joule . One kilowatt hour is 3,600,000 watt seconds. While a watt per hour is a unit of rate of change of power with time, it is not correct to refer to a watt (or watt-hour) as a watt per hour. Smart city A smart city is an urban area that uses digital technology to collect data and to operate/provide services. Data can be collected from citizens, devices, buildings, cameras. Applications include traffic and transportation systems , power plants, utilities , urban forestry , water supply networks , waste disposal , criminal investigations, information systems , schools, libraries, hospitals, and other community services . The foundation of
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#1732793595983924-569: A series of hydroelectric power plants, Wylie convinced James B. Duke and his partner James Blaney to invest in the Southern Power Company, founded in 1905. In 1917 James Blaney was the founder of the Wateree Power Company that was formed as a holding company for several utilities that had been founded and/or owned by Duke, and Blaney his associates, and in 1924 the name was changed to Duke Power. In 1927, most of
1001-655: A smart city (or other community) uses information technologies to: They evolve towards a strong integration of all dimensions of human intelligence , collective intelligence , and also artificial intelligence within the city . According to Mitchell, the intelligence of cities "resides in the increasingly effective combination of digital telecommunication networks (the nerves), ubiquitously embedded intelligence (the brain), sensors and tags (the sensory organs), and software (the knowledge and cognitive competence)". The physical components of IT systems are crucial to early-stage smart city development. Wired infrastructure
1078-490: A smart city involves modifications in planning, management, and operational processes. This data can subsequently be analyzed to identify areas for improvement and optimize urban services. The concept of smart cities emerged from cities' adoption of information and communications technologies. ICTs present challenges given financial limitations, technical obstacles, and privacy and security concerns. ICTs are also not uniformly accessible across communities, contributing to
1155-699: A smart city is built on the integration of people, technology, and processes, which connect and interact across sectors such as healthcare, transportation, education, and infrastructure, etc. Smart cities are characterized by the ways in which their local governments monitor, analyze, plan, and govern the city. In a smart city, the sharing of data extends to businesses, citizens and other third parties who can derive benefit from using that data. The three largest sources of spending associated with smart cities as of 2022 were visual surveillance , public transit, and outdoor lighting. Smart cities integrate information and communication technology (ICT), and devices connected to
1232-438: A subsidiary of Duke Energy, specializes in the development, ownership, and operation of various generation facilities throughout the United States. This segment of the company operates 1,700 megawatts of generation. 240 megawatts of wind generation were under construction and 1,500 additional megawatts of wind generation were in planning stages. On September 9, 2008, DERS updated its projections for future wind power capacity. By
1309-541: A turbine, which generates 648 MW e (i.e. electricity). Other SI prefixes are sometimes used, for example gigawatt electrical (GW e ). The International Bureau of Weights and Measures , which maintains the SI-standard, states that further information about a quantity should not be attached to the unit symbol but instead to the quantity symbol (e.g., P th = 270 W rather than P = 270 W th ) and so these unit symbols are non-SI. In compliance with SI,
1386-495: A unit of time, namely 1 J/s. In this new definition, 1 absolute watt = 1.00019 international watts. Texts written before 1948 are likely to be using the international watt, which implies caution when comparing numerical values from this period with the post-1948 watt. In 1960, the 11th General Conference on Weights and Measures adopted the absolute watt into the International System of Units (SI) as
1463-745: Is associated with intellectual curiosity and creativeness, and various projects have demonstrated that knowledge workers participate in a diverse mix of cultural and artistic activities. Since mobility is a key area of smart city development, building a capable workforce through education initiatives is necessary. A city's learning capacity includes its education system, including available workforce training and support, and its cultural development and exchange. Numerous Smart city programs also focus on soft infrastructure development, like increasing access to voluntary organizations and designated safe zones. This focus on social and relational capital means diversity, inclusion, and ubiquitous access to public services
1540-424: Is done is one watt. 1 W = 1 J / s = 1 N ⋅ m / s = 1 k g ⋅ m 2 ⋅ s − 3 . {\displaystyle \mathrm {1~W=1~J{/}s=1~N{\cdot }m{/}s=1~kg{\cdot }m^{2}{\cdot }s^{-3}} .} In terms of electromagnetism , one watt
1617-733: Is named after the Scottish inventor James Watt . The unit name was proposed by C. William Siemens in August 1882 in his President's Address to the Fifty-Second Congress of the British Association for the Advancement of Science . Noting that units in the practical system of units were named after leading physicists, Siemens proposed that watt might be an appropriate name for a unit of power. Siemens defined
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#17327935959831694-535: Is named in honor of James Watt (1736–1819), an 18th-century Scottish inventor , mechanical engineer , and chemist who improved the Newcomen engine with his own steam engine in 1776. Watt's invention was fundamental for the Industrial Revolution . When an object's velocity is held constant at one meter per second against a constant opposing force of one newton , the rate at which work
1771-758: Is necessary for it to manage an enormous amount of data collected through the embedded devices and systems in its environment. This is also important for the cities growth and security. Smart cities use a variety of data collection, processing, and disseminating technologies, in conjunction with data security and privacy measures, in attempting to encourage innovation and improve citizens' quality of life. This can relate to topics including utilities, health, transportation, entertainment and government services. Online collaborative sensor data management platforms are on-line database services that allow sensor owners to register and connect their devices to feed data into an on-line database for storage and allow developers to connect to
1848-406: Is projected population growth. The UN forecasts global population to reach 9.6 to 13.2 billion by 2100, with cities absorbing 80% of this growth. An important goal of smart city initiatives is to use ICTs to address the tragedy of the commons problem. This phenomenon occurs when individuals acting in their own self-interest deplete a communal resource. For example, while each individual driver in
1925-426: Is realized through: Smart cities use data and technology to create efficiencies, improve sustainability, create economic development, and enhance quality of life factors for people living and working in the city. A variety of different datasets may need to be integrated to create a smart energy infrastructure. Employment of smart technologies enables the more efficient application of integrated energy technologies in
2002-618: Is required to support the IoT and wireless technologies central to more interconnected living. A wired city environment provides general access to continually updated digital and physical infrastructure. The latest in telecommunications, robotics , IoT, and various connected technologies can then be deployed to support human capital and productivity. Intelligence in smart cities has been demonstrated in three ways: Examples of instrumentation intelligence are those implemented in Amsterdam . This
2079-523: Is the rate at which electrical work is performed when a current of one ampere (A) flows across an electrical potential difference of one volt (V), meaning the watt is equivalent to the volt-ampere (the latter unit, however, is used for a different quantity from the real power of an electrical circuit). 1 W = 1 V ⋅ A . {\displaystyle \mathrm {1~W=1~V{\cdot }A} .} Two additional unit conversions for watt can be found using
2156-526: Is traditionally done manually, through an electronic pass but can even be done by means of ANPR cameras connected to the bollard system. According to McKinsey, smart city initiatives can have measurable positive impacts on the quality of life of its citizens and visitors. The human framework of a smart city – its economy, knowledge networks, and human support systems – is an important indicator of its success. For example, arts and culture initiatives are common focus areas in smart city planning. Innovation
2233-479: Is worked in to city planning. The development of a knowledge economy is also central to Smart city projects. Smart cities seeking to be hubs of economic activity in emerging tech and service sectors stress the value of innovation in city development. Smart cities leverage a number of technologies: Additional supporting technology and trends include remote work , telehealth , the blockchain , and online banking technology, A "ubiquitous city"(U-city)
2310-415: The 2012 Democratic National Convention . In July 2012, Duke Energy was criticized for paying former Progress Energy CEO Bill Johnson $ 44.7 million in compensation, including a $ 10 million severance, for something close to 20 minutes on the job as Duke's CEO. In 2012, Duke Energy sued Citrus County, Florida claiming its tax bill was too high. The county hired an outside appraiser who found that there were
2387-893: The European Union . The 2015 Chancellor’s Budget for the United Kingdom proposed to invest £140 million in smart cities and IoT. Smart city competitions were launched in the 2010s by Bloomberg Philanthropies , the Rockefeller Foundation , and the United States Department of Transportation . In 2016, AT&T launched an alliance with Cisco, Deloitte , Ericsson , General Electric , IBM, Intel , and Qualcomm , with municipal partners Atlanta, Georgia ; Chicago, Illinois ; and Dallas, Texas . Key characteristics that define innovative urban environments include: It has been suggested that
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2464-485: The Internet of things (IOT) network to optimize city services and connect to citizens. ICT can be used to enhance quality, performance, and interactivity of urban services, to reduce costs and resource consumption and to increase contact between citizens and government. Smart city applications manage urban flows and allow for real-time responses. A smart city may be more prepared to respond to challenges than one with
2541-688: The Midwestern United States as well. The company operates nuclear power plants, coal-fired plants, conventional hydroelectric plants, natural-gas turbines to handle peak demand, and pumped hydro storage. During 2006, Duke Energy also acquired Chatham, Ontario -based Union Gas , which is regulated under the Ontario Energy Board Act (1998). On January 3, 2007, Duke Energy spun off its gas business to form Spectra Energy . Duke Energy shareholders received 1 share of Spectra Energy for each 2 shares of Duke Energy. After
2618-510: The University of Massachusetts Amherst identified Duke Energy as the 46th-largest corporate producer of air pollution in the United States , with roughly 36 million pounds of toxic chemicals released annually into the air. Major pollutants included sulfuric and hydrochloric acid , chromium compounds, and hydrogen fluoride . The Political Economy Research Institute ranks Duke Energy 13th among corporations emitting airborne pollutants in
2695-405: The digital divide . No commonly accepted definition of "smart city" has emerged. Evaluating smart city initiatives becomes difficult without agreement on parameters. It also hampers the ability to compare projects and identify best practices. Deakin and Al Waer list four factors that contribute to the definition of a smart city: Deakin defines the smart city as one that uses ICT to meet
2772-509: The 40-story building will be purchased when completed for up to $ 675 million by Childress Klein and CGA Capital, in the largest real estate deal in the city's history, announced in December 2019. For the fiscal year 2017, Duke Energy reported earnings of US$ 3.059 billion, with an annual revenue of US$ 23.565 billion, an increase of 3.6% over the previous fiscal cycle. Duke Energy's shares traded at over $ 79 per share, and its market capitalization
2849-489: The 600,000 tons of wood debris it needs yearly to fuel its $ 250 million biomass plant. The joint venture between electric power company Duke Energy and global nuclear services giant AREVA was created to build wood waste-to-energy power plants around the country. ADAGE president Reed Wills announced the first Northwest outpost will be in the struggling timber town of Shelton, Washington. The following pollutants are provided by DUKE-AREVA-ADAGE in their application for permit to
2926-926: The Department of Environmental Protection for a similar type of plant in Florida. Following is a list of Duke Energy's thirty conventional hydroelectric facilities, in order of average electric production. All properties are 100% owned by Duke, and all but Markland are located in North Carolina and South Carolina (Markland is located in southern Indiana ). Citing the falling cost of building solar farms, Duke Energy announced plans in 2017 to launch three new such projects in Kentucky. Two will be in Kenton County and one will be in Grant County. Together
3003-681: The Eastover Mining Company, Duke Power engaged in a lengthy contract dispute with the workers at the Brookside coal mine in Harlan County, Kentucky . For thirteen months, workers picketed the company for improved medical benefits and the right to representation by the United Mine Workers of America, while Duke Power insisted on a no-strike clause in the miner's eventual labor contract. The strike culminated in
3080-716: The IBM Smarter Cities Challenge. In 2010, Cisco Systems , with $ 25 million from the Clinton Foundation , established its Connected Urban Development program in partnership with San Francisco, Amsterdam, and Seoul. In 2011, a Smart City Expo World Congress in Barcelona attracted 6000 people from 50 countries. The European Commission in 2012 established the Smart Cities Marketplace, a centralized hub for urban initiatives in
3157-473: The North Carolina grid from 2017. On December 3, 2022, an attack was carried out on two Duke Energy substations located in Moore County, North Carolina . Damage from the attack left up to 40,000 residents without electrical power for several days, with officials closing schools and declaring a state of emergency. The Federal Bureau of Investigation supported local investigators in case the incident met
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3234-487: The United States. The ranking is based on the quantity (80 million pounds in 2005) and toxicity of the emissions. This change reflects the purchase of fossil fuel-heavy Cinergy, which occurred in 2005. In early 2008, Duke Energy announced a plan to build the new, 800-megawatt Cliffside Unit 6 coal plant 55 miles (89 km) west of Charlotte, North Carolina. The plan has been strongly opposed by environmental groups such as Rising Tide North America, Rainforest Action Network,
3311-470: The above equation and Ohm's law . 1 W = 1 V 2 / Ω = 1 A 2 ⋅ Ω , {\displaystyle \mathrm {1~W=1~V^{2}/\Omega =1~A^{2}{\cdot }\Omega } ,} where ohm ( Ω {\displaystyle \Omega } ) is the SI derived unit of electrical resistance . The watt
3388-535: The advent of the digital era presented opportunities and challenges to apply technology to create urban environments that are more efficient, sustainable , and livable. The shift to smart cities necessitates a comprehensive restructuring of city management and operations, leading citizen participation , and methods of public service delivery. Cities seek to upgrade their infrastructure and service delivery, to promote social inclusion, technological adoption, and economic development. The transformation into
3465-622: The air. Duke Energy completed its acquisition of Cinergy Corp in 2006. In July 2004, Duke Energy agreed to pay $ 208M to settle allegations that it had engaged in price gouging in California during the energy crisis of 2000 and 2001. In December 2009, Duke Energy agreed to spend approximately $ 93M to resolve violations of the Clean Air Act. Duke became obligated to make investments that were expected to reduce sulfur dioxide emissions by 86%. On February 14, 2011, Greenpeace launched
3542-513: The benefits of the city and the country. Other conceptions include those of Edward Bellamy , Frank Lloyd Wright , and Le Corbusier . Critics of smart cities draw parallels between the weaknesses of these utopian visions and the weaknesses of smart cities today. The concept of "smart cities" emerged from global cities' recent adoption of information and communications technologies for urban use, which can be used to improve efficiency, sustainability, and livability in urban environments. Some of
3619-416: The city allowing the development of more self-sustaining areas or even positive energy districts that produce more energy than they consume. A smart city is powered by "smart connections" for various items such as street lighting, smart buildings , distributed energy resources (DER), data analytics , and smart transportation. Amongst these things, energy is paramount; this is why utility companies play
3696-554: The community-based Canary Coalition as well as the Southern Environmental Law Center , which has threatened to sue Duke if it does not halt construction plans. On April 1, activists locked themselves to machinery at the Cliffside construction area as part of Fossil Fools Day . Duke Energy has been "one of the most vocal advocates" for a " cap-and-trade " system to combat global CO 2 emissions, "and
3773-621: The company's CEO, Jim Rogers, thinks the company will profit from cap-and-trade". The company left the National Association of Manufacturers in part over differences on climate policy. In a joint venture with the French-based global energy firm AREVA, under the nominal name of ADAGE, Duke Energy has planned a "Green" biomass burning facility in Mason County, Washington and is negotiating with forestland owners to secure
3850-455: The database and build their own applications based on that data. Electronic cards (known as smart cards ) are another common component in smart city contexts. These cards possess a unique encrypted identifier that allows the owner to log into a range of government provided services (or e-services ) without setting up multiple accounts. The single identifier allows governments to aggregate data about citizens and their preferences to improve
3927-626: The definition of domestic terrorism under the Patriot Act . On March 16, 2006, Duke Power announced that a Cherokee County, South Carolina site had been selected for a potential new nuclear power plant . The site is jointly owned by Duke Power and Southern Company . Duke planned to develop the site for two Westinghouse Electric Company AP1000 (advanced passive) pressurized water reactors . Each reactor would have been capable of producing approximately 1,117 megawatts. (See Nuclear Power 2010 Program .) On December 14, 2007, Duke Power submitted
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#17327935959834004-549: The demands of the market (the citizens of the city), based on community involvement. Studies of smart city projects can be used as an alternative to difficult-to-define broad definitions in order to clarify what smart cities are. Notable disparities among smart city definitions include the relative focus on economic advantages versus environmental or social benefits and specific technology choices. Smart city definitions include: The main issues surrounding smart city research include: An important motivation for smart cities
4081-764: The earliest interventions in urban planning include the use of computational statistical analysis by the Community Analysis Bureau in Los Angeles in the late 1960's and the establishment by Singapore of the National Computer Board in 1981. The smart city concept experienced a major surge around 2005. Tech companies sought to create information systems to enhance operational efficiency for cities. A global movement emerged advocating smart cities. IBM launched its Smarter Planet marketing initiative in 2008, which included
4158-585: The end of 2008, it would have over 500 MW of nameplate capacity of wind power online, and an additional 5,000 MW in development. The company began in 1900 as the Catawba Power Company when Walker Gill Wylie and his brother financed the building of a hydroelectric power station at India Hook Shoals along the Catawba River near India Hook, South Carolina . When Wylie needed additional funding to further his ambitious plan for construction of
4235-515: The energy company Ørsted A/S uses the unit megawatt for produced electrical power and the equivalent unit megajoule per second for delivered heating power in a combined heat and power station such as Avedøre Power Station . When describing alternating current (AC) electricity, another distinction is made between the watt and the volt-ampere . While these units are equivalent for simple resistive circuits , they differ when loads exhibit electrical reactance . Radio stations usually report
4312-570: The first headquarters building, known as the Power Building, which was completed in 1927 at 440 South Church . It was five stories and 503,000 square feet (46,700 m). The Electric Center at 526 South Church Street opened in 1975 with an addition in 1988. State Farm Insurance sold the Power Building in 2004 for $ 8 million to The Dilweg Cos., who anticipated significant development. Novare Group bought 5.13 acres (20,800 m) at 408 South Church Street for $ 17 million from The Dilweg Cos. in
4389-595: The initiative "Envision Charlotte". At the time, the group decided on a goal to reduce energy use in the "urban core of the city by 20 percent". To do so, the group focused on making energy consumption changes to commercial buildings larger than 10,000 square feet. On July 3, 2012, Duke Energy merged with Progress Energy Inc with the Duke Energy name retained along with the Charlotte, North Carolina , headquarters. Duke announced on June 18, 2013, that CEO Jim Rogers
4466-460: The maximum power output it can achieve at any point in time. A power station's annual energy output, however, would be recorded using units of energy (not power), typically gigawatt hours. Major energy production or consumption is often expressed as terawatt hours for a given period; often a calendar year or financial year. One terawatt hour of energy is equal to a sustained power delivery of one terawatt for one hour, or approximately 114 megawatts for
4543-484: The non-partisan organization Public Campaign criticized Duke Energy for spending $ 17.47 million on lobbying . It also criticized Duke for not paying any taxes from 2008 to 2010 and receiving $ 216 million in tax rebates, in spite of turning a $ 5.4 billion profit and extensively raising executive compensations. In 2012, Greenpeace protested Duke's lobbying of the Democratic Party , including its funding of
4620-418: The option of restarting the project at some point in the future if circumstances change. This site would have been adjacent to the old site, which was never completed and abandoned in the early 1980s, and used by James Cameron as a film set for the 1989 movie The Abyss . In 2018, Duke Energy announced that they had decided not to include new nuclear power in their long-range plans. J.A. Jones designed
4697-488: The power of their transmitters in units of watts, referring to the effective radiated power . This refers to the power that a half-wave dipole antenna would need to radiate to match the intensity of the transmitter's main lobe . The terms power and energy are closely related but distinct physical quantities. Power is the rate at which energy is generated or consumed and hence is measured in units (e.g. watts) that represent energy per unit time . For example, when
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#17327935959834774-842: The provision of services and to determine common interests of groups. This technology has been implemented in Southampton. Cognitive technologies, such as artificial intelligence and machine learning , can be trained on the data generated by connected city devices to identify patterns. The efficacy and impact of particular policy decisions can be quantified by cognitive systems studying the continuous interactions of humans with their urban surroundings. Bicycle-sharing systems are an important element in smart cities. Intelligent transportation systems and CCTV systems are also being developed. Retractable bollards allow to restrict access inside city centers (i.e. to delivery trucks resupplying outlet stores). Opening and closing of such barriers
4851-492: The shooting and death of twenty-two year old miner, Lawrence D. Jones, by a foreman at the Duke Power-owned mine. Five days later, Duke Power would reach an agreement with the striking miners which included recognition of the new UMWA local, the rehiring of workers dismissed during the strike, and dropping charges related to the action. In 1988, Nantahala Power & Light Co., which served southwestern North Carolina,
4928-400: The spin-off, Duke Energy now receives the majority of its revenue from its electric operations in portions of North Carolina, South Carolina, Kentucky, Ohio, and Indiana. The spinoff to Spectra also included Union Gas, which Duke Energy acquired the previous year. In 2011, Duke Energy worked with Charlotte's business leader community to help build Charlotte into a smart city . The group called
5005-540: The stations will go into low income communities. Duke Energy has been chosen as one of The 50 Best Employers In America by Business Insider In 2002, Duke Energy was awarded the Ig Nobel Prize in Economics for "adapting the mathematical concept of imaginary numbers for use in the business world". In December 2000, Cinergy Corp agreed to pay $ 1.4B to settle allegations that its coal plants illegally polluted
5082-515: The subsidiary companies, including Southern Power Company, Catawba Power Company, Great Falls Power Company, and Western Carolina Power Company were merged into Duke Power, although Southern Public Utilities, 100% owned by Duke Power, maintained a legally separate existence for the retail marketing of Duke-generated power to residential and commercial customers. Southern Public Utilities also operated transit systems, which Duke eventually converted from streetcars to buses. In 1973, through its subsidiary,
5159-551: The three plants will create more than 6.7 MW of power. These join several other solar farms including: Additionally, Duke Energy added 451 MW of solar capacity to North Carolina's grid in 2017. In 2020 Duke Energy began commercial operations of several farms in Texas, operating alongside its Farm from 2010. Duke Energy announced in October 2018 that it would install 530 electric car charging stations around Florida. Ten percent of
5236-569: The unit of power. In the electric power industry , megawatt electrical ( MWe or MW e ) refers by convention to the electric power produced by a generator, while megawatt thermal or thermal megawatt (MWt, MW t , or MWth, MW th ) refers to thermal power produced by the plant. For example, the Embalse nuclear power plant in Argentina uses a fission reactor to generate 2,109 MW t (i.e. heat), which creates steam to drive
5313-570: The unit within the existing system of practical units as "the power conveyed by a current of an Ampère through the difference of potential of a Volt". In October 1908, at the International Conference on Electric Units and Standards in London, so-called international definitions were established for practical electrical units. Siemens' definition was adopted as the international watt. (Also used: 1 A × 1 Ω.) The watt
5390-419: Was accused of intervening on Duke's behalf as he had been a Duke Energy employee for 28 years. Prosecutors went looking for any cash or items of value that might have been given to Governor McCrory and members of his administration in exchange for cheap settlements. Duke Energy was prosecuted, pled guilty to nine charges of criminal negligence , and agreed to pay $ 102 million in fines and restitutions. Duke Energy
5467-518: Was also ordered to close all of its 32 ash ponds in the state of North Carolina by 2029. In September 2016, the Government Pension Fund of Norway , then worth $ 900 billion, excluded Duke Energy and its subsidiaries from the fund, citing "risk of severe environmental damage". In August 2020, environmental watchdog EWG released a report accusing Duke Energy of charging Indiana ratepayers for $ 12 billion worth of failed projects. This
5544-420: Was defined as equal to 10 units of power in the practical system of units. The "international units" were dominant from 1909 until 1948. After the 9th General Conference on Weights and Measures in 1948, the international watt was redefined from practical units to absolute units (i.e., using only length, mass, and time). Concretely, this meant that 1 watt was defined as the quantity of energy transferred in
5621-612: Was purchased by Duke and is now operated under the Duke Power Nantahala Area brand. In 1990, Duke sold its remaining transit operations. Duke Power merged with PanEnergy, a natural gas company, in 1997 to form Duke Energy. The Duke Power name continued as the electric utility business of Duke Energy until the Cinergy merger. With the purchase of Cinergy Corporation announced in 2005 and completed on April 3, 2006, Duke Energy Corporation's customer base grew to include
5698-980: Was retiring and Lynn Good would become the new CEO. Rogers has been CEO and Chairman since 2006, while Good was Chief Financial Officer of Duke since 2009, having joined Duke in the 2006 Cinergy merger. Rogers' retirement was part of an agreement to end an investigation into Duke's Progress Energy acquisition in 2012. In 2016, Duke Energy purchased Piedmont Natural Gas for $ 4.9 billion to become its wholly owned subsidiary. Duke Energy completed selling its remaining power operations in Central and South America for $ 1.2 billion months afterwards. At one point Duke Energy had more than 4,300 megawatts of electric generation in Latin America. It operated eight hydroelectric power plants in Brazil with an installed capacity of 2,307 megawatts. The company expects to spend $ 13 billion upgrading
5775-475: Was the direct consequence of a controversial bill passed in Indiana earlier that year. Projects included two natural gas pipelines and two retired nuclear power plants. Watt The watt (symbol: W ) is the unit of power or radiant flux in the International System of Units (SI), equal to 1 joule per second or 1 kg⋅m ⋅s . It is used to quantify the rate of energy transfer . The watt
5852-492: Was using loopholes in the law to increase emissions. Initially, Duke prevailed at the trial court level, but in 2006 the case was argued before the Supreme Court ( Environmental Defense v. Duke Energy Corp. (05-848)). The Court unanimously ruled on April 2, 2007, that the modifications allowed the power plants to operate for more hours, increasing emissions, so Clean Air Act permits were needed. In 2002, researchers at
5929-647: Was valued at over US$ 58.8 billion in November 2018. In 1999, the United States Environmental Protection Agency commenced an enforcement action against Duke Energy for making modifications to very old and deteriorating coal-burning power plants without getting permits under the Clean Air Act . Duke asserted that a "modification" under the Clean Air Act did not require a permit. Environmental groups asserted that Duke
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