Corning Agrees to Buy Solar Power From New Duke Energy Plant
14 Dezembro 2015 - 1:03PM
Dow Jones News
By Tess Stynes
Corning Inc. reached a 25-year agreement to purchase 62.5% of
the expected electricity output from a solar farm that Duke Energy
Corp. is constructing in North Carolina.
Financial details weren't provided.
Corning Chief Strategy Officer Jeffrey Evenson said in prepared
remarks Monday that the move "encourages efficiencies and clean
power usage that eventually lower costs."
The specialty-glass maker, based in Corning, N.Y., said its
presence in North Carolina includes more than 3,000 employees
across five locations. Under the agreement, Corning expects to
purchase roughly 120,300 megawatt hours year, beginning in the
first quarter of 2016.
According to Corning, the roughly 120,300 megawatt hours is
enough to power about 10,000 U.S. homes.
Charlotte, N.C.-based Duke operates utilities that serve more
than seven million customers in the Carolinas, Florida, Indiana,
Ohio and Kentucky.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
December 14, 2015 09:48 ET (14:48 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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