Duke Energy: Power insured against drought
Mar 4, 2008 | Posted by: Charlotte.com | Full story: Charlotte.com
Duke Energy said it expects the drought to further disrupt the region's electricity supply this summer, forcing the utility to arrange for extra power months ahead of time and pass along that added cost to customers.
Even though it has rained lately, the region remains in extreme drought and still needs significant rain over the next few months to get out of it.
Charlotte-based Duke said Tuesday it negotiated a standing arrangement with an outside power company to supply extra electricity as needed to help Duke get through the summer and the year. Read more
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