Duke Energy Finalizes Catamount Energy Acquisition Sept. 15, 2008
CHARLOTTE, N.C. -
Duke Energy has finalized its acquisition of Catamount Energy Corporation, announced on June 26, 2008.
“The Catamount purchase further positions Duke Energy with additional expertise, resources and a proven track record to continue our growth in the wind business,” said Wouter van Kempen, president of Duke Energy Generation Services (DEGS), a business unit of Duke Energy that owns and develops renewable energy assets. “We are extremely excited to have the Catamount team, based in Rutland, Vt., join our team,” added van Kempen.
Earlier this month, Duke Energy’s Happy Jack wind farm in Wyoming went into commercial operation. Two additional wind energy projects in Texas, which are scheduled to come on line later this year, along with the assets from the Catamount acquisition will provide approximately 500 megawatts to Duke Energy’s wind portfolio. An additional 5,000 megawatts of wind energy are currently under development in 12 states.
Duke Energy Generation Services (DEGS) develops, owns and operates electric generation for large energy consumers, municipalities, utilities and industrial facilities. DEGS specializes in developing innovative and environmentally sound generation solutions using a variety of fuels, including wind and other renewable energy sources.
Duke Energy, one of the largest electric power companies in the United States, supplies and delivers electricity to approximately 4 million U.S. customers in its regulated jurisdictions. The company has approximately 35,000 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.