Duke Energy to Sell Five Hydroelectric Plants to Northbrook Energy

The transaction will save customers money over time, while ensuring a continued source of clean energy.

Duke Energy Carolinas (DEC) announced that through a competitive bidding process, it will sell five small hydroelectric plants in the Western Carolinas region to Northbrook Energy. The transaction will save customers money over time, while ensuring a continued source of clean energy. The facilities, which have a combined 18.7-megawatt generation capacity, are Bryson, Franklin and Mission hydro stations in the Nantahala area, and Tuxedo and Gaston Shoals hydro stations in the Green/Broad River Basin. DEC will purchase all of the energy generated by these facilities for five years through power purchase agreements with Northbrook Energy. “This sale will deliver long-term benefits for our customers and shareholders,” said Randy Herrin, Duke Energy Vice President, Carolinas Regulated Renewables. “Over the past few years, the cost to operate these facilities has risen significantly. Through this transaction, the plants will continue to serve our customers with clean renewable energy, but at a lower cost.”

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