Duke Energy to build two wind power projects in South Texas

         Duke Energy to build two wind power projects in South Texas

PR Newswire

CHARLOTTE, N.C., Sept. 26, 2013

CHARLOTTE, N.C., Sept. 26, 2013 /PRNewswire/ -- Duke Energy Renewables, a
commercial business unit of Duke Energy, today announced it will build two
large-scale wind power facilities in South Texas.

Duke Energy Renewables will build, own and operate the Los Vientos III and IV
Windpower Projects, sited approximately 100 miles west of Brownsville near Rio
Grande City in Starr County. Each will produce 200 megawatts (MW) of
emissions-free electricity, enough to collectively power about 120,000 homes.

Austin Energy will purchase the output and associated renewable energy credits
from the wind farms under two 25-year agreements.

"We are pleased to again be bringing jobs, economic development and clean,
affordable electricity to Texas, where we have our largest presence," said
Duke Energy Renewables President Greg Wolf. "We're also glad to be working
again with Austin Energy on projects that further their commitment to
investing in renewable power."

Austin Energy also purchases the power from Duke Energy Renewables' Los
Vientos II Windpower Project in Willacy and Cameron Counties.

"Austin Energy has among the most aggressive renewable energy goals in the
country and these two new wind projects with Duke Energy will help us meet our
35 percent renewable energy goal four years ahead of schedule," said Austin
Energy General Manager Larry Weis. "They will also help push our wind
portfolio to more than 1,000 MW, which is nearly a third of our total
generation."

Duke Energy Renewables will begin construction of the projects in the fourth
quarter of this year, with an in-service date expected in early 2015 for Los
Vientos III and mid-2016 for Los Vientos IV.

Duke Energy Renewables Vice President Milton Howard, project developer, said,
"We are proud to be partnering with Austin Energy and the leaders, landowners
and people of Starr County. Thanks to them, we will be able to bring jobs to
the area during project construction, and once complete, Los Vientos III and
IV will continue to boost economic development, support the local school
districts, and be a source of dependable tax revenue for years to come."

Vestas will supply 200 2-MW turbines for the two wind projects.

Once in operation, the 400 MW produced by Los Vientos III and IV will bring
Duke Energy's total wind-generated capacity to more than 2,000 MW, which
firmly establishes Duke Energy Renewables in the top 10 for wind production in
the country.

Duke Energy's Renewable Power Projects in Texas:

  oSweetwater Windpower Project, Nolan County, 283 MW (of 585 MW total)
  oOcotillo Windpower Project, Howard County, 59 MW
  oNotrees Windpower Project, Ector & Winkler Counties, 153 MW
  oBlue Wing Solar Power Project, San Antonio,14 MW
  oNotrees Battery Storage Project, Winkler County, 36 MW
  oLos Vientos I Windpower Project, Willacy County, 200 MW
  oLos Vientos II Windpower Project, Willacy County, 202 MW

About Duke Energy Renewables

Duke Energy Renewables, part of Duke Energy's Commercial Businesses, is a
leader in developing innovative wind and solar energy generation projects for
customers throughout the United States. The company's growing portfolio of
commercial renewable assets includes 15 wind farms and 15 solar farms in
operation in twelve states, totaling more than 1,700 megawatts in
electric-generating capacity. Learn more at www.duke-energy.com/renewables.

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded
on the New York Stock Exchange under the symbol DUK. More information about
the company is available on the Internet at: www.duke-energy.com.

About Austin Energy

Austin Energy is the nation's 8th largest publically-owned electric utility in
Austin, Texas. The utility serves more than 420,000 customers and a population
of almost one million within the City of Austin, Travis County and a small
portion of Williamson County. Austin Energy provides exceptional electric
system reliability and significant expertise in serving power-sensitive
industries such as high tech manufacturing. Austin Energy has a total
generation portfolio of nearly 3,000 MW. Approximately 25% of the electricity
comes from renewable energy resources, mainly wind power. Austin Energy has
aggressive goals to achieve 35% of its energy from renewable resources by 2020
and reduce carbon emission levels 20% below those reached in 2005. Austin
Energy has built some of the most comprehensive energy efficiency programs in
the nation and developed the nation's first Green Building Program. In recent
years, Austin Energy has become a recognized leader in the area of electric
vehicles and public charging stations.

About Vestas

Since 1979, Vestas has supplied about 50,000 wind turbines and over 57 GW in
73 countries — 62 percent more than its closest competitor. Vestas entered the
U.S. market in 1981, selling its first wind turbine for a project in
California. Since then, the company has delivered 12,396 turbines to the
United States and 1,419 to Canada. Combined, Vestas' installed capacity is
13,387 MW in 28 U.S. states and every Canadian province — enough to power
about four million households. Vestas employs about 2,500 people throughout
the United States and Canada at four manufacturing facilities in Colorado,
service and construction sites, and sales offices. Vestas' U.S. and Canadian
sales and service headquarters is in Portland, Ore., and its global
headquarters is in Aarhus, Denmark. To learn more, visit www.vestas.com.

Contact: Tammie McGee
Office: 980.373.8812 | 24-Hour: 800.559.3853

SOURCE Duke Energy

Website: http://www.duke-energy.com
 
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