North Carolina development

3 April 2007

The USA's North Carolina Utilities Commission has issued a ruling that it is appropriate for Duke Energy Carolinas to pursue development of the proposed William States Lee III plant in South Carolina to preserve nuclear generation as an option.

The ruling follows a move by Duke to seek assurances that its investment to evaluate and develop an advanced nuclear plant in the Carolinas was prudent and that the portion of such costs allocated to North Carolina could be recovered in a timely manner.

Prior to securing regulatory approval to begin construction for the project, Duke expects to invest millions of US dollars at the site, which will be jointly owned by Southern Company.

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