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Feds plan to send Duke $34M to improve coal plant
Summary by Business North Carolina
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Feds plan to send Duke $34M to improve coal plant
Federal officials want to pay $34 million to help Duke Energy upgrade the gas-and-coal-fired Belews Creek Steam Station in Stokes County. Duke intends to retire the plant at the end of 2039. The prospective subsidy would cover about a third of the project cost, the U.S. Department of Energy says. It’s part of a six-grant, $175 million package to help bankroll coal-plant projects in Kentucky, Ohio, West Virginia and the N.C. site. The Trump admin…
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