Duke Energy (DUK) Submits Application for Potential New Nuclear Units
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Duke Energy (NYSE: DUK) has submitted the first part of an application for a federal energy loan guarantee to the U.S. Department of Energy (DOE) for its proposed William States Lee III Nuclear Station. This is another step in the process of keeping the new nuclear option available for customers.
The federal government has decades of experience managing loan guarantee programs, which provide financing for support of critical U.S. infrastructure. The loan guarantee program supporting clean energy was established as part of the Energy Policy Act of 2005. The program will follow defined procedures and practices that include rigorous reviews of all applications.
Duke Energy Corporation (Duke Energy) is an energy company located in the Americas that provides its services through four business units. [SM]
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