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Duke Energy and Santee Cooper Collaboration will Fuel Virgil C. Summer’s Planned Nuclear Power Projects

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Duke Energy and Santee Cooper Collaboration will Fuel Virgil C. Summer’s Planned Nuclear Power Projects Summary Duke Energy intends to replace its own ageing power plants by 2050 and move its focus on to clean energy resources. This signifies company’s intention to reduce fossil fuel-based electricity generation and look for alternative sources of energy such as nuclear. Duke Energy operates seven nuclear power reactors of the Pressurized Water Reactor (PWR) type with a total net capacity of 6,996 megawatts (MW). Two new nuclear power reactors are planned at the Virgil C. Summer plant in South Carolina and they will become operational before 2020. Santee Cooper and South Carolina Electric and Gas are currently the owner and operator for Virgil C. Summer Unit 1 with a capacity of 966 MW. Santee Cooper, an electric and water utility company in South Carolina is planning to sell a portion of its stake in Virgil C. Summer’s planned nuclear power projects. Huge initial investments, no immediate return on investments and the diversifying risk factor involved; are some of the possible constraints which provide an explanation for Santee Cooper’s decision to sell a portion of its stake in Virgil C. Summer’s two planned nuclear reactors. Key drivers, such as a reduction in the company’s overall carbon foot print, to provide safer and reliable power to its customers and diversify energy supply, will entail Duke Energy to invest in Virgil C. Summer’s planned nuclear power projects. Scope - The report analyzes the role of Duke Energy and Santee Cooper in the Virgil C.Summer's planned nuclear power projects. - Explores and analyzes the reasons behind the collaboration. - Provides details of nuclear power reactors upcoming before 2020 in South Carolina. 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 Duke Energy and Sante

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									         Duke Energy and Santee Cooper Collaboration will Fuel Virgil
                C. Summer’s Planned Nuclear Power Projects
        Reference Code: GDNE0065VPT                                                                                                          Publication Date: March 2011


        1         Table of Contents
        1 Table of Contents.................................................................1
         1.1 List of Tables .................................................................1
        2 Summary .............................................................................2
        3 Duke Energy and Santee Cooper Collaboration Will Fuel
          Virgil C. Summer’s Planned Nuclear Power Projects ...........2
         3.1 Duke Energy and Santee Cooper Collaboration............3
           3.1.1     Why Santee Cooper Plans to Sell a Portion of
                     45% Stake in its Planned Nuclear Power Project
                     to Entities Such as Duke Energy. .........................3
           3.1.2     What Drives Duke Energy to Take an Interest in
                     Virgil C. Summer Nuclear Power Projects? ..........3
         3.2 Duke Energy and South Carolina Electric and Gas
              Company: Operational Reactor Details .........................4
        4 Appendix ..............................................................................4
         4.1 Abbreviations.................................................................4
         4.2 Methodology ..................................................................5
           4.2.1     Coverage..............................................................5
           4.2.2     Secondary Research ............................................5
           4.2.3     Primary Research ................................................5
           4.2.4     Modeling and Forecasting ....................................5
         4.3 Contact Us.....................................................................5
         4.4 Disclaimer......................................................................6



        1.1       List of Tables
        Table 1:       Planned Reactors, South Carolina, the US ..............2
        Table 2:       Deal Overview, Duke Energy Plans to Acquire Stake
                       in V. C. Summer Nuclear Power Project From
                       Santee Cooper .........................................................3
        Table 3:       Operational Nuclear Power Reactors, Operated and
                       Owned by Duke Energy, the US, as of December
                       2010 .........................................................................4
        Table 4:       Operational Nuclear Power Reactors, Operated and
                       Owned by South Carolina Electric and Gas
                       Company and Santee Cooper ..................................4
        Table 5:       Abbreviations ............................................................4




                                                                                                                                                           Market Analysis Alert
Duke Energy and Santee Cooper Collaboration will Fuel Virgil C.                                                                                 GDNE0065VPT / MAR 2011/ Page 1
Summer’s Planned Nuclear Power Projects
                                                                                                         © GlobalData. This report is a licensed product and is not to be photocopied
        2         Summary                                                          3          Duke Energy and Santee Cooper
        Duke Energy intends to replace its own ageing power plants by                         Collaboration Will Fuel Virgil C.
        2050 and move its focus on to clean energy resources. This                            Summer’s Planned Nuclear Power
        signifies company’s intention to reduce fossil fuel-based                             Projects
        electricity generation and look for alternative sources of energy
                                                                                   Duke Energy is one of the leading power utilities in the US.
        such as nuclear. Duke Energy operates seven nuclear power
                                                                                   After the merger with Progress Energy, it will have a combined
        reactors of the Pressurized Water Reactor (PWR) type with a
                                                                                   electricity customer base of seven million across six states:
        total net capacity of 6,996 megawatts (MW). Two new nuclear
                                                                                   North Carolina, South Carolina, Ohio, Kentucky, Florida and
        power reactors are planned at the Virgil C. Summer plant in
                                                                                   Indiana. In addition to this, the company’s interest in owning a
        South Carolina and they will become operational before 2020.
                                                                                   stake in Virgil C. Summer’s two planned nuclear reactors in
        Santee Cooper and South Carolina Electric and Gas are
                                                                                   Sout
								
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