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.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=173814, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) 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

Follow us on: Facebook - Twitter - LinkedIn - Vimeo