U.S. Secretary Of Energy Jennifer Granholm Announces $57M DOE Funding For North Carolina Innovative Transmission Rebuild Project; Partnership With Duke Energy And State Agencies Aims To Enhance Power Grid Reliability And Meet Growing Demand
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U.S. Secretary of Energy Jennifer Granholm announced a $57 million DOE funding for a transmission rebuild project in North Carolina. The project, in partnership with Duke Energy and state agencies, aims to enhance power grid reliability and meet growing demand. The 40-mile transmission line rebuild in Wake, Johnston, and Wayne counties will benefit 14,000 customers.
August 06, 2024 | 7:10 pm
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Duke Energy is partnering with the DOE and state agencies on a $57 million transmission rebuild project in North Carolina. This initiative aims to enhance power grid reliability and meet growing demand, benefiting 14,000 customers.
The partnership with the DOE and state agencies on a significant infrastructure project is likely to positively impact Duke Energy's stock in the short term. The project addresses critical infrastructure needs and demonstrates proactive measures to meet growing demand, which can enhance investor confidence.
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