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

|About: Duke Energy Corporation (DUK)|By:, SA News Editor

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.