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News
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LCG, December 30, 2025--Duke Energy announced today its submission of an early site permit (ESP) application to the U.S. Nuclear Regulatory Commission (NRC). The site is near the Belews Creek Steam Station in Stokes County, North Carolina. The submittal follows two years of work at the site, and the announcement states that the submittal is part of Duke Energy's strategic, on-going commitment to evaluate new nuclear generation options to reliably meet the growing electricity needs of its customers while reducing costs and risks.
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LCG, December 29, 2025--The Nuclear Regulatory Commission (NRC) today issued a summary of its 2025 accomplishments to highlight its commitment to "enabling the safe and secure use of civilian nuclear energy and radioactive materials through efficient and reliable licensing, oversight, and regulation to benefit society and the environment."
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Industry News
Duke Files Revised, Higher Cost Estimate for IGCC Project
LCG, May 2, 2008--Duke Energy yesterday submitted a progress report with the Indiana Utility Regulatory Commission (IURC) regarding its 630-MW, coal-fired power plant project that will use an advanced, integrated gasification combined cycle (IGCC) technology.
Duke reported a revised project cost estimate of $2.35 billion, which equates to a $365 million increase from the estimate approved by the IURC last November. Duke must justify and seek approval in a separate proceeding to recover any costs above the approved $1.985 billion.
According to Duke, the higher cost estimate results from global competition for materials and increased labor rates. "In North America the cost of building all types of power plants has risen substantially in the past year," said James L. Turner, president and chief operating officer, Duke Energy U.S. Franchised Electric and Gas.
The project will be built at Duke's existing Edwardsport Generating Station near Vincennes, Indiana and is scheduled for completion in 2012. Once the new plant is operational, the old facilities, which include coal and oil units that have a capacity of 160-MW, would be retired.
The IGCC design employed for the plant includes coal gasification. Synthetic gas created from coal is used in a gas turbine to generate electricity. The hot exhaust gas from the turbine heats water to produce steam to power a steam turbine and generate electricity a second time. The gasification process offers the potential for lower cost solutions to capture and sequester CO2, which may assist in efforts to thwart global warming.
Last November, the IURC also directed Duke to develop carbon capture and storage studies for the project, and yesterday Duke filed its plans to evaluate the site's suitability and related carbon capture and storage costs.
The project is targeted to receive over $460 million in local, state and federal tax incentives.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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