Duke Energy selects five South Carolina properties for potential industrial development

 Duke Energy selects five South Carolina properties for potential industrial
                                 development

PR Newswire

GREENVILLE, S.C., April 23, 2014

GREENVILLE, S.C., April 23, 2014 /PRNewswire/ -- Duke Energy (NYSE: DUK) has
selected five South Carolina properties for participation in its 2014 Site
Readiness Program to prepare the properties for potential industrial
development.

New Duke Energy logo.

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.

The locations included are:

  oThe Capps II Industrial Site is 168 acres of former farmland located in
    Marion County.
  oThe Florence Regional Airport Industrial Park, a 438-acre parcel of land
    that has the potential for large-scale aerospace industrial recruitment.
    It is located in Florence County.
  oAlligator Industrial Park near McBee. The 550-acre Chesterfield County
    site is strategically located on S.C. Highway 151 with access to rail,
    natural gas and electricity.
  oThe Reliance Industrial Site, 100 acres in Marlboro County. Located in
    Bennettsville, this site has nearby access to two major interstate
    highways, I-74 in North Carolina and I-95 in South Carolina.
  oA 314-acre site in Kingstree. The Williamsburg County farmland offers the
    area a chance to diversify and increase its tax base and compete
    regionally for new jobs and industry.

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
expansions.

"One of the most important considerations for large industrial customers is
the price of electricity," said Stu Heishman, Duke Energy's vice president for
economic and business development. "Duke Energy provides affordable, reliable
and increasingly clean electricity. Electric rates at Duke Energy are
competitive regionally and well below the national average." 

Duke Energy will collaborate with county leaders and local economic
development professionals to develop a strategy for providing water, sewer,
natural gas and electricity to the sites.

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," he added. "So far, we've won 12 major projects on
those properties, 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
(multi-tenant site).

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 Programs.

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

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

Contact: Ryan Mosier
Office: 864.370.5036| 24-Hour: 800.559.3853

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SOURCE Duke Energy

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