Duke Energy To Purchase 150 Megawatts of Wind Turbines From GE Energy

December 13, 2007 – Vol. 12 No.38

Duke Energy To Purchase 150 Megawatts of Wind Turbines From GE Energy.

The 100, 1.5 megawatt turbines will be used at yet to be determined sites in the western and southwestern United States. Duke expects the turbines to be in service in the 2009 - 2010 timeframe.

The company's wind generation assets are managed by Duke Energy Generation Services (DEGS), a Duke Energy subsidiary that focuses on renewable energy, commercial power and onsite energy across the United States.

Earlier this year, DEGS acquired the development assets of Tierra Energy, a wind power development company located in Austin, Texas. The purchase included more than 1,000 megawatts of wind assets under development in the western and southwestern United States. Three of the projects in development - a total of approximately 240 megawatts - are located in Texas and Wyoming, and are anticipated to be in commercial operation in late 2008 or early 2009.

Duke Energy, of Charlotte, North Carolina, supplies and delivers energy to approximately 4 million US customers. The company has approximately 36,000 megawatts of electric generating capacity in the Midwest and the Carolinas, and natural gas distribution services in Ohio and Kentucky. (12/12/07)

Links:

Duke Energy
http://www.duke-energy.com

GE Energy
http://www.ge.com/energy

Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No