By Dow Jones Business News, September 26, 2013, 07:43:00 AM EDT
By Ben Fox Rubin
Duke Energy Corp.'s ( DUK ) renewable-energy business plans to build two large-scale wind-power facilities in South
Texas, adding to its Los Vientos wind-farm projects.
Duke Energy Renewables will build, own and operate the Los Vientos III and IV projects, sited about 100 miles west of
Brownsville near Rio Grande City in Starr County. Together they will produce 400 megawatts of electricity.
Austin Energy will purchase the output and associated renewable-energy credits from the wind farms under two 25-year
Duke in January said it completed the Los Vientos I and II projects, which are in Willacy and Cameron counties and
together provide about 400 megawatts of electricity. Austin Energy also purchased the power from the Los Vientos II
Duke will begin construction of the projects in the fourth quarter of this year, with an in-service date expected in
early 2015 for Los Vientos III and mid-2016 for Los Vientos IV.
Once in operation, the 400 megawatts produced by Los Vientos III and IV will bring Duke Energy's total wind-generated
capacity to more than 2,000 megawatts. Duke's renewable-energy business also has wind projects in Texas'Howard and
Nolan counties, as well as San Antonio.
Duke, based in Charlotte, N.C., controls utilities that serve more than seven million customers in the Carolinas,
Florida, Indiana, Ohio and Kentucky. The company expanded significantly last year with its $26 billion acquisition of
Shares closed Wednesday at $67.26 and were inactive premarket. The stock is up 5.4% so far this year.
Write to Ben Fox Rubin at email@example.com
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