Duke Gains Approval for $1 Billion Plan to Convert Coal Plant

  • North Carolina regulators approve two natural gas units
  • Environmental group said new power generators not needed

Duke Energy Corp., the largest U.S. utility owner, won approval on Monday from North Carolina regulators to spend about $1 billion to convert a coal-fired power generator into one that burns natural gas.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.