Regulators approve most of Duke Energy's $1B plan for new gas plant and infrastructure upgrades in Asheville

State regulators say Duke Energy Progress can go ahead with a $750 million plan to build a 560 megawatt, two-unit natural gas plant in Asheville. But it will have to come back later for permission to build a third unit at the plant, if that unit is necessary. That would be a 186-megawatt peak-power plant that Duke (NYSE:DUK) may or may not need, depending on the success of regional efforts at energy efficiency and cutting peak demand. That plant would cost about $150 million to build at current…

from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/blog/energy/2016/02/regulators-approve-most-of-duke-energys-1b-plan.html