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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Duke Energy Corp New | NYSE:DUK | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.51 | -0.49% | 102.84 | 103.25 | 102.30 | 102.30 | 4,141,183 | 23:03:34 |
GREENVILLE, S.C., Oct. 16, 2018 /PRNewswire/ -- As new electric vehicles (EV) enter the market and strong sales growth continues nationwide, Duke Energy has proposed an electric transportation (ET) pilot program that will allow South Carolina to join other states in deploying EV infrastructure to meet the needs of this growing market.
"Electric vehicles are coming to South Carolina, but more investment is needed to grow the adoption of this evolving technology and the benefits it brings to the state," said Kodwo Ghartey-Tagoe, Duke Energy's South Carolina president. "We must prepare for this by providing for and better understanding the electrical needs of this growing population."
The proposed $10 million pilot consists of four programs designed to research and better understand the effects of increasing adoption of electric transportation on Duke Energy's electric system, the behavior of customers and the potential financial and environmental benefits to the state of South Carolina. They include:
"Lack of charging stations is commonly cited as a barrier to purchasing an EV," said Lang Reynolds, Duke Energy's manager for electric transportation initiatives. "That's why our proposed pilot programs are designed to install a foundational level of fast charge infrastructure and better understand the effects of increasing adoption of electric transportation."
The estimated cost of the pilot is about $10.4 million over the proposed initial three years of the programs. The pilot must be approved by the Public Service Commission of South Carolina (PSCSC) before it can be offered to customers.
Visit the PSCSC website for additional information on the proposed Duke Energy Carolinas and Duke Energy Progress pilot programs.
Duke Energy
Headquartered in Charlotte, N.C., Duke Energy (NYSE: DUK) is one of the largest energy holding companies in the U.S., with approximately 29,000 employees and a generating capacity of 49,500 megawatts. The company is transforming its customers' experience, modernizing its energy grid, generating cleaner energy and expanding its natural gas infrastructure to create a smarter energy future for the people and communities it serves.
The company's Electric Utilities and Infrastructure unit serves approximately 7.6 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. Its Gas Utilities and Infrastructure unit distributes natural gas to approximately 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. Its Commercial Renewables unit operates a growing renewable energy portfolio across the U.S.
A Fortune 125 company, Duke Energy was named to Fortune's 2018 "World's Most Admired Companies" list and Forbes' 2018 "America's Best Employers" list.
More information about the company is available at duke-energy.com. The Duke Energy News Center includes news releases, fact sheets, photos, videos and other materials. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.
Contact:
Ryan Mosier
24-Hour: 800.559.3853
View original content to download multimedia:http://www.prnewswire.com/news-releases/duke-energy-pilot-program-will-expand-electric-vehicle-charging-options-across-south-carolina-300732066.html
SOURCE Duke Energy
Copyright 2018 PR Newswire
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