Duke Energy manufactures and distributes electricity to customers in the United States and Latin America. Duke recently purchased Cinergy Corporation, which has generating facilities and energy customers in Indiana
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Description
Duke Energy manufactures and distributes electricity to customers in the United States and Latin America. Duke recently purchased Cinergy Corporation, which has generating facilities and energy customers in Indiana, Kentucky, and Ohio. For these customers Cinergy has been spending 725 to 750 million each year for the fuel needed to operate its coal-fired and gas-fired power plants; 92% to 95% of the fuel used is coal. In this re- gion, Duke Energy uses 10 coal-burning generating plants: 5 located inland and 5 located on the Ohio River. Some plants have more than one generating unit. Duke Energy uses 28-29 million tons of coal per year at a cost of approximately 2 million every day in this region. The company purchases coal using fixed-tonnage or variable-tonnage contracts from mines...
