In Downtown Wilmington, Duke Energy employees replace power poles and lines near a company substation, as part of a wide-spanning grid improvement project between Orange Street and Forrest Hills. (Port City Daily/Preston Lennon)
WILMINGTON Duke Energy trucks clustered near the cobblestone blocks of downtown Wilmington’s Orange Street Tuesday morning, making progress on a multi-year infrastructure improvement project that company officials say will dampen the threat of extreme weather to power lines.
The movement to bolster Duke’s property with new power lines and poles placed in targeted areas downtown comes as hurricane season approaches. Areas around the company’s Orange Street substation, a local hub of electricity, will benefit from grid improvements that will improve service for nearly 10,000 Wilmington customers in the space between downtown and Forest Hills, Duke officials said.
WFAE
Duke Energy has spent hundreds of millions of dollars so far on coal ash cleanups like this one at the former Riverbend Plant in Gaston County in 2017. It sued insurers who refused to help pay for the cleanups.
Duke Energy has reached a confidential settlement with two of a group of insurance
companies it sued four years ago over coal ash cleanups. Charlotte-based Duke sued after the companies refused to help pay for multi-billion-dollar cleanups required by state and federal laws at coal-fired power plants.
In a
filing with the North Carolina Utilities Commission, Duke says French insurer Generali, formerly known as Le Continent, paid the undisclosed settlement on May 7. Duke also recently settled with another French company, L Etoile, according to Duke spokesman Bill Norton.
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North Carolina Ranked 3rd Nationally for Solar Power Overall but 31st for Solar on Schools, Says Report
May 20 Webinar to Feature School Administrators Talking about How Neighboring Virginia Jumped Quickly to from 20th to 8th Place for Solar Schools
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CHARLOTTE, N.C., May 11, 2021 /PRNewswire/ North Carolina currently ranks at an impressive 3
rd place for total solar power capacity. But the state comes in at a dismal 31
st place nationally for solar schools, according to the Brighter Future report released in 2020 by Generation180, a national non-profit organization that advocates for campuses to get more access to solar power. Only 57 schools in North Carolina have solar energy systems installed on campus.
Operator
Ladies and gentlemen, welcome to the Dominion Energy first-quarter 2021 earnings conference call. [Operator instructions] I would now like to turn the conference over to Mr. Steven Ridge, vice president, investor relations.
Steven Ridge
Vice President, Investor Relations
Thank you, David, and thanks to everyone for joining today s call. Earnings materials, including today s prepared remarks, may contain forward-looking statements and estimates that are subject to various risks and uncertainties. Please refer to our SEC filings, including our most recent annual reports on Form 10-K and our quarterly reports on Form 10-Q for a discussion of factors that may cause results to differ from management s estimates and expectations. This morning, we ll discuss some measures of our company s performance that differ from those recognized by GAAP.