SOURCE: Industrial Info Resources

Industrial Info Resources

May 04, 2011 06:30 ET

Duke Energy Continues Environmental Compliance Spending, Keeps Lee Nuclear Project Active, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 4, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) yesterday reported first-quarter 2011 net income of $511 million, up 15% from 1Q10 net income of $445 million. Duke is continuing with major capital projects at its Cliffside, Buck and Dan River facilities in North Carolina and the integrated gasification combined-cycle (IGCC) Edwardsport plant in Indiana. Duke anticipates that its $13.7 billion merger with Progress Energy Incorporated (NYSE:PGN) (Raleigh, North Carolina) will be finalized by the end of the year.

Industrial Info is tracking more than $32 billion in Duke Energy projects in the U.S. For more information, visit Industrial Info's North American Power Industry Database.

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Industrial Info Resources (IIR), with world headquarters in Sugar Land, Texas, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to powergroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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