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Duke Energy Indiana Issues Call for Renewable Energy Oct. 24, 2007

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PLAINFIELD, IND. -

Duke Energy Indiana has issued a “Request for Proposals” seeking bids for power generated from renewable energy sources, including sun, wind, water, organic matter and other sources.

“We are committed to doing more to develop and use renewable energy,” said Jim Stanley, president of Duke Energy Indiana. “We would like to diversify our supplies with more green power, and we are looking for supplies that are the right combination of price, reliability and flexibility.”

Broader use of renewable energy is part of Duke Energy’s comprehensive plan to meet its generation needs while the company continues to work to reduce its environmental impact. The plan also includes building cleaner coal power plants and expanding the size and reach of its energy efficiency programs to reduce customer power demand.

This request for proposals is specifically aimed at renewable sources. The company is seeking up to 200 megawatts by 2011. Duke Energy Indiana also recently issued a general request for proposals for up to 800 megawatts of peaking and/or intermediate generation starting in 2008 or 2009. That request did not focus exclusively on renewable power.

Duke Energy is interested in talking with potential suppliers about purchased power agreements, purchasing a generating facility, or purchased power agreements with the option to buy the facility. 

A full copy of the “Request for Proposal for Renewable Energy Resources,” can be found at http://www.duke-energy.com/environment/indiana-rfp.asp. Proposals are due by Jan. 15, 2008, and will be evaluated over several months.

Duke Energy’s Indiana operations provide approximately 7,300 megawatts of safe, reliable and competitively priced electricity to more than 770,000 electric customers, making it the state’s largest electric supplier.

Duke Energy, one of the largest electric power companies in the United States, supplies and delivers energy to approximately 4 million U.S. customers. The company has nearly 37,000 megawatts of electric generating capacity in the Midwest and the Carolinas, and natural gas distribution services in Ohio and Kentucky. In addition, Duke Energy has more than 4,000 megawatts of electric generation in Latin America, and is a joint-venture partner in a U.S. real estate company.

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: Angeline Protogere
Phone: 317-838-1338
24-Hour Phone: 800-559-3853 (DUKE)
e-mail:

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