Duke Energy selects four Indiana properties for potential industrial and business development

   Duke Energy selects four Indiana properties for potential industrial and
                             business development

PR Newswire

PLAINFIELD, Ind., May 21, 2014

PLAINFIELD, Ind., May 21, 2014 /PRNewswire/ --Duke Energy has selected four
Indiana properties for its 2014 Site Readiness Program that prepares land for
potential industrial development. They are:

  oA 150-acre site in Whiteland (Johnson Co.), near Exit 95 off of Interstate
  oA 130-acre site in Crawfordsville (Montgomery Co.), at the intersection of
    County Road 200 South and Nucor Road
  oA 185-acre site in Shelbyville (Shelby Co.), at the intersection of State
    Road 44 and Interstate 74
  oA 90-acre site in Bloomington (Monroe Co.), at the intersection of State
    Road 37 and Fullerton Pike

New Duke Energy logo

The Site Readiness Program is a key component 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.

"As the economy improves, there is increased competition among states and
regions to attract new companies and jobs," said Marvin Blade, Duke Energy
Indiana's vice president of economic development and community relations. "Now
in its second year, our Site Readiness Program has a proven track record in
helping bring economic development to the areas we serve."

Once again this year, McCallum Sweeney Consulting, a nationally known
consulting firm, will conduct studies on these four sites. 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 may also 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. Banning Engineering, based in
Plainfield, Ind., will produce final drawings and conceptual site plans.

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 them nationwide to companies
looking to expand or relocate their operations.

Ideal properties for Duke Energy's Site Readiness Program are 60 acres or
larger, served by the utility, which can be a single site for a large facility
or a potential industrial park (multi-tenant site).

Duke Energy's overall economic development program has 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 Indiana's economic development
programs, visit www.locationindiana.com.

Duke Energy
Duke Energy Indiana's operations provide about 7,500 megawatts of owned
electric capacity to approximately 800,000 customers in a 23,000-square-mile
service area, making it the state's largest electric supplier.

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: www.duke-energy.com.

Contact: Lew Middleton
Office: 317.838.1505 | 24-Hour: 800.559.3853

Logo - http://photos.prnewswire.com/prnh/20130322/CL81938LOGO

SOURCE Duke Energy

Website: http://www.duke-energy.com
Press spacebar to pause and continue. Press esc to stop.