News Release
May 12, 2004

DUKE POWER AND ELECTRIC BOILER BRING LOWER ENERGY COSTS TO ANDERSON AREA MEDICAL CENTER

ANDERSON, S.C. – Duke Power has partnered with Anderson Area Medical Center to install a 5.6 megawatt electric steam boiler that enables the center to better manage high natural gas and oil prices and leverage Duke Power’s flexible hourly pricing schedules. 

“The electric boiler gives us a built-it hedge against unpredictable and often high natural gas and oil prices while continuing to reliably meet the medical center’s steam needs,” said Monroe Brown, engineering manager for Anderson Area Medical Center. “We expect to pay for the boiler and its installation in less than two years with the money we will save in natural gas and oil costs.” 

Anderson Area Medical Center uses large boilers to produce steam used for heating, water heating, cooking, sterilization and waste management purposes. The medical center has already ordered its second 5.6 megawatt electric boiler, which will be operational in July. A 5.6 megawatt electrical load is similar to the power needed to serve 5,600 homes.  

“We are pleased we have been able to work with Anderson Area Medical Center’s facilities team to develop an innovative solution that reduces their exposure to fluctuating natural gas and oil prices,” said Sandra Meyer, Duke Power’s group vice president for customer service, sales and marketing.

“Electric boilers provide our large customers with an economical fuel option which has no emission challenges. In addition, Duke Power’s “time of use pricing” provides industrial and commercial customers with great ways to minimize their energy expenses.”       

Duke Power, a business unit of Duke Energy, is one of the nation’s largest electric utilities and provides safe, reliable, competitively priced electricity and value-added products and services to more than 2 million customers in North Carolina and South Carolina. In 2004, Duke Power celebrates 100 years of service. The company operates three nuclear generating stations, eight coal-fired stations, 31 hydroelectric stations and numerous combustion turbine units. Total system generating capability is approximately 19,900 megawatts. More information about Duke Power is available on the Internet at: www.dukepower.com.

Duke Energy is a diversified energy company with a portfolio of natural gas and electric businesses, both regulated and unregulated, and an affiliated real estate company. Duke Energy supplies, delivers and processes energy for customers in North America and selected international markets. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com.

Contact: Tom Williams, Duke Power
Phone: 704/373-4743
24-Hour Phone: 704/382-8333
e-mail: tcwillia@duke-energy.com
Contact: Dan Corrigan, Anderson Medical Center
Phone: 864/261-1677
24-Hour Phone: n/a
e-mail: n/a