CHARLOTTE, N.C., Oct. 13, 2017 /PRNewswire/ -- The following
is a statement by Lynn Good, Duke
Energy's Chairman, President and Chief Executive Officer, regarding
the Federal Energy Regulatory Commission's approval today of a
Certificate of Public Convenience and Necessity for the Atlantic
Coast Pipeline:
"FERC's approval is an important milestone and a critical step
forward for the Atlantic Coast Pipeline to deliver the benefits of
affordable, clean natural gas and affirms the project will be built
with minimal impacts to the environment. North Carolina's population is growing, the
economy is diversifying and many communities along the route are
trying to attract new energy-intensive industries. Natural gas from
the pipeline will increase consumer savings, enhance reliability,
enable more renewable energy and provide a powerful engine for
statewide economic development and job growth. It also supports our
plan to produce cleaner energy through newer, highly-efficient
natural gas plants and allows more capacity for Piedmont Natural
Gas to serve new homes and businesses.
"We commend the FERC commissioners and staff for their
exhaustive and careful review of this project to ensure the project
is built in a way that protects public safety and the environment.
All three commissioners acknowledge the need for more natural gas,
even the lone dissenting commissioner who states that more than 90
percent of the pipeline's capacity is subscribed.
"We will continue to work with the appropriate agencies to
secure the remaining permits and look forward to breaking ground
later this year."
Duke Energy
Headquartered in Charlotte, N.C., Duke Energy is one of the
largest energy holding companies in the
United States. Its Electric Utilities and Infrastructure
business unit serves approximately 7.5 million customers located in
six states in the Southeast and Midwest. The company's Gas
Utilities and Infrastructure business unit distributes natural gas
to approximately 1.6 million customers in the Carolinas,
Ohio, Kentucky and Tennessee. Its Commercial Renewables business
unit operates a growing renewable energy portfolio across
the United States.
Duke Energy is a Fortune 125 company traded on the New York
Stock Exchange under the symbol DUK. More information about the
company is available at duke-energy.com.
The Duke Energy News Center serves as a multimedia resource for
journalists and features news releases, helpful links, photos and
videos. Hosted by Duke Energy, illumination is an online
destination for stories about people, innovations, and community
and environmental topics. It also offers glimpses into the past and
insights into the future of energy.
Follow Duke Energy on Twitter, LinkedIn, Instagram and
Facebook.
Contact: Neil Nissan
24-Hour: 800.559.3853
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SOURCE Duke Energy