DUKE ENERGY ANNOUNCES RESULTS OF MORRO BAY CAPACITY OFFER
Charlotte, N.C. – Duke Energy announced today that it has signed a contract with Pacific Gas and Electric Company (PG&E) for 650 megawatts of capacity from the Morro Bay Power Plant, located in the City of Morro Bay, Calif.
The contract is a result of Duke Energy’s Request for Offers (RFO) announcement in October 2004, requesting offers for up to 325 megawatts of capacity each from
This contract provides Duke Energy the ability to keep the facility available to help supply adequate electric resources to meet the growing needs of
“This agreement helps to ensure adequate electric resources are available to meet the needs of
The contract will commence following regulatory approval by the California Public Utilities Commission (CPUC) and will extend through the end of 2007.
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 the