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Who is Duke Energy?

Duke Energy Generation Services (DEGS), a subsidiary of Duke Energy, specializes in the development, ownership and operation of various generation facilities throughout the United States. This segment of the company operates 6,600 megawatts of generation. 240 megawatts of wind generation were under construction and 1,500 additional megawatts of wind generation were in planning stages. On September 9, 2008, DEGS updated its projections for future wind power capacity. By the end of 2008, it would have over 500 MW of nameplate capacity of wind power online, and an additional 5,000 MW in development.

According to Forbes, electricity consumption, particularly among Duke’s industrial customers, fell as much as 20% in the past year, and investors will look for signs of a pickup in demand. Duke has cut costs to offset sluggish energy consumption.

Chief Executive James E. Rogers, a longtime proponent of energy reform, has been calling on Capitol Hill to pass a bipartisan energy bill by the end of 2010. Rogers is trying to reframe the energy question as a jobs issue, arguing that investment in green technology will be a major job creator in the recovery.

In 1999 the United States Environmental Protection Agency commenced an enforcement action against Duke Energy for failure to comply with the Clean Air Act. Duke asserted that EPA regulations under the law were arbitrarily changed over the course of 25 years. Environmental groups assert that Duke is using loopholes in the law to increase emissions. Initially, Duke prevailed at the trial court level, but in 2006 the case was argued before the Supreme Court (Environmental Defense v. Duke Energy Corp. (05-848)). The Court unanimously ruled on April 2, 2007 against Duke Energy in favor of the environmental groups.

In 2002, researchers at the University of Massachusetts Amherst identified Duke Energy as the 46th-largest corporate producer of air pollution in the United States, with roughly 36 million pounds of toxic chemicals released annually into the air. Major pollutants included sulfuric and hydrochloric acid, chromium compounds, and hydrogen fluoride. The Political Economy Research Institute ranks Duke Energy 13th among corporations emitting airborne pollutants in the United States. The ranking is based on the quantity (80 million pounds in 2005) and toxicity of the emissions. This change reflects the purchase of fossil fuel-heavy Cinergy which occurred in 2005.