Duke Energy selects five N.C. properties for potential industrial development

Duke Energy selects five N.C. properties for potential industrial development

PR Newswire

CHARLOTTE, N.C., April 14, 2014

CHARLOTTE, N.C., April 14, 2014 /PRNewswire/ --Duke Energy has selected five
North Carolina properties for participation in its 2014 Site Readiness Program
to prepare the properties for potential industrial development.

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They are:

  oThe 72 Rail site, 257 acres of former farmland located in Robeson County,
    near Lumberton, one hour from the Port of Wilmington
  oThe Chocowinity Industrial Park site, 246 acres of undeveloped property
    south of Little Washington in Beaufort County
  oThe Havelock Business Park site, located in Craven County near the Marine
    Corps Air Station Cherry Point and the Fleet Readiness Center East. The
    land is being prepared for potential suppliers who repair military
  oThe Marks Creek site, 99 acres of undeveloped land in Hamlet. The proposed
    Richmond County industrial park is located on N.C. Hwy. 177 near the
    Richmond County Airport.
  oThe Shannon Farm site located in Union County. Planners will be assessing
    a prime piece of real estate that has excellent rail capabilities and
    interstate access.

The Site Readiness Program is the cornerstone of Duke Energy's economic
development model. It identifies, evaluates and improves industrial sites in
the company's service territory to help communities served by the utility
compete for new companies and jobs.

Duke Energy has hired McCallum Sweeney Consulting, a nationally known
consulting firm, to conduct site studies. McCallum Sweeney has been
instrumental in many high-profile automotive and industrial relocations and

One of the most important considerations for large industrial customers is the
price of electricity. Duke Energy provides affordable, reliable and
increasingly clean electricity. Duke Energy's rates are competitive regionally
and well below the national average.

"Since mid-2009, when the current economic recovery began, the 15 states with
the lowest power prices gained 80,000 manufacturing jobs. North Carolina is
one of those states," said Stu Heishman, Duke Energy's vice president for
economic and business development. "On the flip side, the 15 states with the
highest power prices lost 120,000 jobs."

Duke Energy will collaborate with county leaders and local economic
development professionals to develop a strategy for the Site Readiness Program
properties. An inventory of the sites' assets such as water, sewer, rail,
natural gas and electricity will be conducted.

The parties also will recommend road improvements, easements and rights of way
that will be required to develop the sites, as well as steps necessary to
mitigate any potential environmental impacts. Duke Energy will present its
findings – including a detailed report and conceptual drawings – to county
officials when the studies are completed.

After each site's state of readiness has advanced, Duke Energy's business
development team will strategically market each of them nationwide to
companies looking to expand or relocate their operations.

"We are pleased to have these five counties in the program. Since the Site
Readiness Program began in 2006, Duke Energy has evaluated 114 sites in the
Carolinas," said Heishman. "We've been successful. So far, we've won 12 major
projects on those sites, resulting in approximately 2,100 jobs and
approximately $2.9 billion in capital investment."

Ideal candidates for Duke Energy's Site Readiness Program are 75 acres or
larger and served by the utility. A qualified site can be suited for a single,
large industrial facility or data center, or a potential industrial park
(multitenant site).

Duke Energy's program has been recognized by Southern Business & Development
magazine as one of the South's top site readiness programs. Duke Energy's
overall economic development program has also been consistently named by Site
Selection magazine as one of the nation's "Top 10 Utility Economic Development

For more information about Duke Energy's economic development programs, visit

Duke Energy
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 at duke-energy.com.

Contact: Lisa Parrish
Office: 980.373.2878 | 24-Hour: 800.559.3853

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SOURCE Duke Energy

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