Duke Energy Embarks on a 10-year Initiative to Strengthen North Carolina's Energy Grid
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Duke Energy announced Power/Forward Carolinas -- a $13 billion, 10-year project to modernize the state's electric system. These upgrades will harden the system against storms and outages; make it safer and more resilient against cyber-attacks and physical threats; help expand renewable energy; generate jobs and stimulate economic growth.
It will also give 7 million people in North Carolina more information to manage their energy use.
"Safely powering the lives of hard-working families and maintaining the vitality of our communities are our most important responsibilities," said David Fountain, Duke Energy's North Carolina president. "When we improve our energy infrastructure, we not only improve power quality and reliability for everyone, but we help grow our economy and create jobs while keeping energy at a reasonable price."
Duke Energy's 10-year modernization plan for NC will result in:
Modernizing the electric system
"We must embrace a forward-thinking approach to building a smarter energy future for North Carolina," Fountain said. "We have been working hard to generate cleaner, smarter electricity, and now we must invest to make the system that delivers that energy even smarter."
For more information on Duke Energy's Power/Forward Carolinas plan to build a smarter energy future, visit www.duke-energy.com/our-company/future.