Duke (DUK) subsidiary Progress Energy Carolinas says that on October 1 it will officially fire...

Duke (DUK) subsidiary Progress Energy Carolinas says that on October 1 it will officially fire down and retire two coal power plants - including the utility's first coal-fueled facility built in 1923 - as part of its ongoing fleet-modernization program. By closing older, less-efficient coal plants and replacing them with state-of-the-art natural gas-fueled power plants DUK hopes to improve its grid reliability and reduce air emissions and water usage.

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Comments (6)
  • romilar
    , contributor
    Comments (751) | Send Message
    Out with the old-in with the new.Hey i'm all for "if it works don't fix it",but 1923? c'mon guys.Don't make us wait that long for the next quantum leap. Long DUK
    28 Sep 2012, 05:02 PM Reply Like
  • MexCom
    , contributor
    Comments (3056) | Send Message
    This is part of their retirement program. Many more coal plants will close or be retrofitted with scrubbers to make them cleaner. DUK is primarily a coal fired utility and cheap nat. gas could only be temporary. DUK is building multi-fuel plants to benefit from the lowest cost fuel. Progress is now under better management with Jim Rogers as CEO.
    29 Sep 2012, 06:28 AM Reply Like
  • romilar
    , contributor
    Comments (751) | Send Message
    Agreed.Have you heard any word Mex,on the front of hydrogen extraction/delivery for elec.production?Nuclear power seems beyond grasp if it is land based,though it has been used successfully shipboard for decades.Mores the pity...
    29 Sep 2012, 08:14 AM Reply Like
  • VictorHAustin
    , contributor
    Comments (824) | Send Message
    If you ignore Thorium. Of course, it doesn't breed weapons materials, so government won't look at it, and it's safe so the Greens must ignore it. Form over substance.


    To further my point, I'm going to guess most readers never heard of it.


    China and India, however, have it on their radar.
    29 Sep 2012, 12:23 PM Reply Like
  • MONEKJR1936
    , contributor
    Comments (2) | Send Message
    a big change would be to go geo-thermo
    30 Sep 2012, 03:38 PM Reply Like
  • romilar
    , contributor
    Comments (751) | Send Message
    Victor,unfortunatly Thorium wont be viable for sometime to come.Much R&D needed before it becomes cost effctive to breed this low energy material up to fuel grade.India does seem to have the largest deposits,but the efficiency(in my observation) of process would be about the same as wringing out your front yard for a half cup of water..
    30 Sep 2012, 07:17 PM Reply Like
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