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Duke Energy and Progress Energy Merger: The Largest Nuclear Fleet in the US and its Future Nuclear Plans
GlobalData, Feb 2011, Pages: 6
Duke Energy and Progress Energy Merger: The Largest Nuclear Fleet in the US and its Future Nuclear Plans
Summary
Until the US opts for an alternative source for electricity generation and while it continues to rely on fossil fuels, the carbon emission rates in the country will continue to rise. This will hinder the US government’s mission to cut down by 17% greenhouse gas emissions below the base level year (2005) by 2020. The merger of Duke Energy and Progress Energy will enable the new entity Duke Energy Corporation to financially strengthen its position to invest in technologies which will help the company to reduce its carbon foot print. This in turn will also help the US to reduce its carbon emission rates. The merger will yield the formation of the US power utility with the largest nuclear fleet in the country. The combined new builds (planned and proposed nuclear reactors) of both the entities will increase the existing nuclear power production in the US. The new entity’s future nuclear plans will result in the creation of huge job opportunities, it will provide a potential market for nuclear suppliers (equipment and service providers globally) and it will assist the US to combat climate change. Duke Energy and Progress Energy are adopting modern technologies such as digitalization of control panels and automated fire-detection systems in their nuclear power plants. Duke Energy has plans to reduce fossil fuel-based electricity generation and look for alternatives to replace fossil fuels as the main sources of energy. Nuclear energy is likely to be the best alternative the company will use to provide carbon-free and reliable power to its electricity customers.
Scope
- The report analyses Duke Energy and Progress Energy Merger
- Explores and analyzes Duke Energy and Progress Energy nuclear plans and its modernization
- Provides in-depth analysis of the merger assisting the US to combat green house gas emissions
Reasons to buy
The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to-
- Gain most up to date information and analysis on US’s Duke energy and Progress Energy Nuclear plans
- Understand the role of nuclear power in the US’s power industry.
- Facilitate decision making by understanding the potential opportunities for nuclear suppliers in the US’s nuclear market.
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