Source: John Downey, CHARLOTTE BUSINESS JOURNAL, 5/17/18


Duke Energy Carolinas is selling five small hydroelectric plants in the Nantahala and Broad River basins in far western North Carolina to Arizona-based Northbrook Energy.  The utility will purchase all of the power from Northbrook under a five-year power-purchase agreement once the deal closes. For now, Duke is not disclosing the sale price is, but that is likely to be reported to state regulators in the Carolinas when the Charlotte-based company files information about the sale.

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