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Duke Energy Pushes Five-Year Capital Spending to $37 Billion, with Major NGCC Additions


Industry Segment: Power | Word Count: 663 Words

SUGAR LAND--February 17, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Despite a dip in profits and the ongoing fallout from a massive coal ash spill in 2015, Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) is bolstering its long-term capital spending plan with heavier investments in infrastructure and modernization. The sale of international business took a bite out of earnings, but executives believe it will help the company focus on its strongest growth areas. Industrial Info is tracking $7.42 billion in active projects involving Duke.

Within this article: Details on Duke's progress in 2016 and its outlook for the near term, including some of its highest-valued active projects, such as three major NGCC plants.

Companies featured: General Electric (NYSE:GE)

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