Duke Energy inks pact with Wal-Mart to provide electricity

Duke Energy inks pact with Wal-Mart to provide electricityDuke Energy, one of the largest electric power companies in the United States, has entered into an agreement with Wal-Mart, the largest retailer in the world, to provide electricity for its growing Texas market.

The latest partnership will be the first substantial purchase of wind energy in the U. S. by Wal-Mart. In addition, the deal also represents one of the first sales of power directly from a specific wind project to a major retailer.

Under the arrangement, which will begin in April 2009, Wal-Mart will purchase electricity directly from Duke's Notrees Windpower Project, located in Ector and Winkler counties, Texas.

The project will provide roughly 226 million kilowatt-hours (kWh) of renewable power each year.

The project will provide clean, renewable energy to up to 15 percent of 360 Wal-Mart stores and other facilities in Texas. The first phase of the Notrees facility will enter commercial operation in December.

Duke Energy, supplies and delivers electricity to approximately 4 million U. S. customers and natural gas service to approximately 520,000 customers in its regulated jurisdictions.

Business: 
Region: