SOURCE: Industrial Info Resources

Industrial Info Resources

February 18, 2011 06:30 ET

Duke Energy Executives Discuss 2011 CapEx, Defend Indiana Coal-Fired Project, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 18, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas)--Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) yesterday reported net income for the fourth quarter and full year of the company's 2010 fiscal year. In a conference call discussing the earnings results, Chief Financial Officer Lynn Good discussed the company's planned capital expenditures. Good said that Duke planned capital expenditures of between $4.45 billion and $5 billion in the 2011 fiscal year.

The amount includes "approximately $1.4 billion for continuation of our system modernization projects," said Lynn. The company's modernization program entails the construction of cleaner, lower-emissions power plants to compensate for the closure of older coal-fired plants. Details on these and more than $32 billion in Duke Energy projects are available in Industrial Info's North American Industrial Database.

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