Report: Duke Energy Corporation Nuclear Operational Analysis TOC

1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9
2 Company Snapshot 10
2.1 Key Information 10
2.2 Company Overview 10
2.3 Financial Performance 10
2.4 Industry Outlook - Nuclear 10
3 Duke Energy Corporation Nuclear Operational Analysis 12
3.1 Duke Energy Corporation Operable Commercial Reactor 12
4 Reactor Details 13
4.1 Reactor Details, Catawba 1 13
4.2 Reactor Details, Catawba 2 16
4.3 Reactor Details, Oconee 1 18
4.4 Reactor Details, Oconee 2 21
4.5 Reactor Details, Oconee 3 23
4.6 Reactor Details, W B McGuire 1 26
4.7 Reactor Details, W B McGuire 2 29
5 Business Description 32
5.1 Business Overview 32
5.2 Major Products and Services 33
5.2.1 Overview 33
6 History 34
7 SWOT Analysis 36
7.1 Overview 36
7.2 Duke Energy Corporation Strengths 36
7.2.1 Strong Operations 36
7.2.2 Strong Image 36
7.3 Duke Energy Corporation Weaknesses 37
7.3.1 Poor Investment Performance of Pension Plan 37
7.3.2 Low Margins 37
7.4 Duke Energy Corporation Opportunities 37
7.4.1 New Coal Generation Plants 37
7.4.2 Renewable Energy 38
7.5 Duke Energy Corporation Threats 38
7.5.1 Competition in Unregulated Markets 38
7.5.2 Market Risks 38
7.5.3 Environmental Regulations 38
8 Competitors 39
9 Key Employees 40
10 Key Employee Biographies 42
11 Company Statement 44
12 Locations And Subsidiaries 51
12.1 Head Office 51
13 Financial Deals Landscape 52
13.1 Duke Energy Corporation, Deals Volume Summary, 2004 to YTD 2009 52
13.2 Duke Energy Corporation, Deals Summary By Region, 2004 to YTD 2009 53
13.3 Duke Energy Corporation, Deals Summary, 2004 to YTD 2009 54
13.4 Duke Energy Corporation Detailed Deal Summary 55
13.4.1 Asset Purchase 55
13.4.2 Merger 79
13.4.3 Acquisition 80
13.4.4 Private Equity 94
13.4.5 Debt Offerings 95
13.4.6 Partnerships 97
14 Recent Developments 101
14.1 License Awards 101
14.1.1 Jan 01, 2009: Duke Energy Receives NCUC Approval For Solar Panel Installations 101
14.1.2 Dec 15, 2008: Duke Energy Seeks NCUC Approval To Rent Rooftops For Solar Power 101
14.1.3 Jun 05, 2008: Duke Energy Receives Approval From NCUC To Build Two Combined Cycle, Natural Gas-Fired Generating Units 102
14.1.4 Feb 27, 2008: Duke Energy Receives Approval From NRC For Its William States Lee III Nuclear Station 103
14.1.5 Jan 25, 2008: Duke Energy Receives Air Permit From IDEM For Its Coal Gasification Power Plant 103
14.1.6 Dec 13, 2007: Duke Energy Submits New Nuclear License Application To NRC 104
14.1.7 Nov 20, 2007: Duke Energy Receives Approval For Coal Power Plant From IUR 105
14.2 Strategy and Business Expansion 106
14.2.1 Dec 22, 2008: Duke Energy To Construct 300 MW Wind Project In Nevada 106
14.2.2 Sep 09, 2008: Duke Energy Expands Wind Business 106
14.2.3 Jun 09, 2008: Duke Energy Launches Plan To Own And Operate Solar Power Generation At Up To 850 North Carolina Sites 107
14.2.4 May 04, 2008: Duke Energy' s Plan For Nuclear Plant Sparks Controversy Over Water Use 108
14.2.5 Feb 27, 2008: Duke Energy Commences Construction On $120 Million Wind Farm In Texas 108
14.3 Financial Announcements 108
14.3.1 Jan 06, 2009: Duke Energy Declares Quarterly Dividend 108
14.3.2 Nov 05, 2008: Duke Energy Reports 3Q 2008 Results 108
14.3.3 Oct 28, 2008: Duke Energy Declares Quarterly Dividend 110
14.3.4 Aug 05, 2008: Duke Energy Reports 2Q 2008 Results 110
14.3.5 Jun 24, 2008: Duke Energy Declares Quarterly Dividend 114
14.3.6 May 08, 2008: Duke Energy Declares Quarterly Dividend 114
14.3.7 May 02, 2008: Duke Energy Reports Q1 2008 Results 114
14.3.8 Feb 05, 2008: Duke Energy Reports 2007 Results 116
14.3.9 Jan 04, 2008: Duke Energy Declares Quarterly Dividend 117
14.3.10 Nov 02, 2007: Duke Energy Reports Q3 2007 Results 118
14.3.11 Oct 25, 2007: Duke Energy Declares Quarterly Dividend 119
14.3.12 Aug 07, 2007: Duke Energy Reports Q2 2007 Results 119
14.3.13 Jun 26, 2007: Duke Energy Declares Quarterly Dividend 121
14.3.14 May 08, 2007: Duke Energy Reports Q1 2007 Results 121
14.3.15 Apr 14, 2007: Duke Energy Declares Quarterly Dividend 122
14.3.16 Feb 06, 2007: Duke Energy Reports 2006 Results 122
14.3.17 Jan 05, 2007: Duke Energy Declares Quarterly Dividend 124
14.4 Other Significant Developments 124
14.4.1 Dec 27, 2008: Duke Energy, Cheyenne Light Donate Wind Turbine To Laramie Community College 124
14.4.2 Dec 15, 2008: Duke Energy' s 846 MW Unit 2 At Oconee Nuclear Power Station Exits Refueling Outage And Increases Up To 98% Power 124
14.4.3 Dec 12, 2008: Duke Energy' s 846 MW Unit 2 At Oconee Nuclear Power Station Exits Outage And Increases Up To 19% Power 125
14.4.4 Nov 26, 2008: Duke Spends $1.3 Million On Lobbying In 3Q 2008 125
14.4.5 Nov 17, 2008: Duke Energy' s 1,100 MW Unit 1 At McGuire Nuclear Power Station Increases Up To 98% Power 125
14.4.6 Nov 14, 2008: Duke Energy' s 1,100 MW Unit 1 At McGuire Nuclear Power Station Increases Up To 54% 126
14.4.7 Nov 14, 2008: Duke Energy Announces Senior Management Changes 126
14.4.8 Nov 13, 2008: Duke Energy' s 1,100 MW Unit 1 At McGuire Nuclear Power Station Exits Outage 128
14.4.9 Nov 11, 2008: Duke Energy' s 846 MW Unit 3 At Oconee Nuclear Power Station Back To Full Power 128
14.4.10 Nov 10, 2008: Duke Energy Signs Used Fuel Contract With DOE For Proposed Lee Nuclear Station 129
14.4.11 Nov 10, 2008: Duke Energy' s 846 MW Unit 3 At Oconee Nuclear Power Station Decreases To 25% Power 129
14.4.12 Nov 06, 2008: Duke Energy Reaches Full Commercial Operation At Ocotillo Wind Farm In Texas 129
14.4.13 Nov 04, 2008: Duke Energy Doubles Cost Estimate For Lee Nuclear Station 130
14.4.14 Nov 03, 2008: Duke Energy Shuts 1,100 MW Unit 1 At McGuire Nuclear Power Station In North Carolina 130
14.4.15 Nov 03, 2008: ORNL To Receive Nuclear Fuel With Plutonium For Evaluation 131
14.4.16 Oct 27, 2008: Duke Energy Reaches Agreement On Electric Security Plan 131
14.4.17 Oct 24, 2008: TDEC Builds Natural Gas Pipeline From Hoover Field In Oklahoma To Point Of Purchase 132
14.4.18 Oct 23, 2008: Duke Cuts Its Proposed $100 Million Solar Program 132
14.4.19 Sep 30, 2008: Duke Energy Announces The Commissioning Of Happy Jack Wind Farm Project 133
14.4.20 Sep 24, 2008: Duke Energy Takes Its Unit 2 At The Oconee Nuclear Power Station Offline 133
14.4.21 Sep 12, 2008: Duke Energy And NRC To Discuss Mcguire Nuclear Plant 133
14.4.22 Sep 04, 2008: Duke Energy Seeks Solar Suppliers To Launch $100 Million Solar Plan 134
14.4.23 Sep 04, 2008: Duke Energy Announces Completion Of Green Power Project 135
14.4.24 Aug 14, 2008: Duke Energy To Spend $40 Million To Install Solar Panels On Homes And Businesses 135
14.4.25 Aug 07, 2008: Duke Energy To Buy 2 MW Of Renewable Energy From Methane Power 136
14.4.26 Jul 08, 2008: Duke Energy Completes Happy Jack Windfarm Project In Wyoming 137
14.4.27 Jul 01, 2008: Duke Energy Carolinas, NC GreenPower Launch Carbon Offset Program 137
14.4.28 Jun 20, 2008: Duke Energy Issues RFP For Renewable Energy Resources 138
14.4.29 May 21, 2008: Duke Energy To Purchase Electricity From Photovoltaic Solar Farm 138
14.4.30 May 12, 2008: Duke Energy Plans To Invest $100 Million In Solar Energy 139
14.4.31 May 11, 2008: Duke Energy Signs Agreement On 620 MW Gas Power Plant 140
14.4.32 May 09, 2008: Duke Energy' s Coal Gasification Project To Receive Federal Funds For Carbon Study 140
14.4.33 May 01, 2008: Duke Energy Files Progress Report And Cost Update For Coal Gasification Plant 141
14.4.34 Apr 24, 2008: Orion Energy' s Benton Wind Farm Producing Power For Duke Energy 142
14.4.35 Mar 06, 2008: Duke Energy' s Nuclear Project Challenged By Environmental Group 143
14.4.36 Jan 18, 2008: Duke Energy Announces Chief Nuclear Officer 143
14.4.37 Dec 21, 2007: Duke Energy Orders Wind Turbines From Vestas 144
14.4.38 Dec 12, 2007: Duke Energy To Purchase Wind Turbines From General Electric 144
14.4.39 Nov 12, 2007: Duke Energy Announces Management Changes 144
14.4.40 Oct 29, 2007: Duke Energy Appoints President, Commercial Businesses 145
14.4.41 Oct 25, 2007: Duke Energy Appoints New Directors 145
14.5 New Contracts Announcements 146
14.5.1 Nov 20, 2008: Duke To Supply Wind Power To Wal-Mart 146
14.5.2 Dec 18, 2007: WindConnect Wins Contract For Engineering And Construction Work Of Benton County Wind Farm 146
15 Appendix 147
15.1 Methodology 147
15.2 About Global Markets Direct 147
15.3 Contact Us 147
15.4 Disclaimer 147

1.1 List of Tables
Table 1: Duke Energy Corporation,Key Facts 10
Table 2: Operable Commercial Reactors 12
Table 3: Reactor Details, Catawba 1 13
Table 4: Reactor Details, Catawba 2 16
Table 5: Reactor Details, Oconee 1 18
Table 6: Reactor Details, Oconee 2 21
Table 7: Reactor Details, Oconee 3 23
Table 8: Reactor Details, W B McGuire 1 26
Table 9: Reactor Details, W B McGuire 2 29
Table 10: Duke Energy Corporation, SWOT Analysis 36
Table 11: Duke Energy Corporation, Key Employees, 40
Table 12: Duke Energy Corporation, Deals Summary, 2004 to YTD 2009 52
Table 13: Duke Energy Corporation, Deals Summary by Region, 2004 to YTD 2009 53
Table 14: Duke Energy Corporation, Deals Summary, 2004 to YTD 2009 54
Table 15: Duke Energy Acquires 100 Wind Turbines From General Electric 55
Table 16: Duke Energy Carolinas Acquires 520 MW Of Additional Generating Capacity From Columbia Energy 56
Table 17: DCP Midstream Partners Acquires Assets Of Momentum Energy From DCP Midstream 57
Table 18: TEPPCO Partners Acquires Liquid Petroleum Gas (Lpg) Storage Cavern From Duke Energy Ohio And Ohio River Valley Propane 58
Table 19: Duke Energy Acquires Wind Power Development Business Of Tierra Energy From Energy Investors Funds 59
Table 20: Duke Energy International Sells Bolivian Power Plant Assets To Econergy International 60
Table 21: Duke Energy Completes Acquisition of Rockingham Power Plant From Dynegy 61
Table 22: Duke Energy Sells Wholesale Power Generation Assets To LS Power 62
Table 23: Eagle Rock Energy Acquires Natural Gas Gathering And Processing Assets From Duke Energy Field Services 63
Table 24: Duke Energy Acquires Additional 27.1% Stake In Aguaytia Integrated Energy Project 64
Table 25: NGAS Acquires Gas Gathering Assets from Duke Energy 65
Table 26: Allegheny Energy Sells Its Wheatland Generating Facility 66
Table 27: Duke Energy Acquires Interest In Empress System From ConocoPhillips 67
Table 28: Alinta Acquires Certain Assets From Duke Energy 68
Table 29: Duke Energy Sells Its Surplus Equipment For $138 Million 69
Table 30: Duke Energy Field Sells Certain Assets To Regency Gas 70
Table 31: Great Lakes Power Acquires Lake Superior Power Generating Facility From Duke Energy 71
Table 32: Chevron Sells 33.3% Stake In Discovery Pipeline System To Duke Energy Field Services 72
Table 33: NRG Energy Acquires Natural Gas Plant From Duke Energy North America 73
Table 34: Calpine Acquires Majority Interest In Hidalgo Energy Center From Duke Energy North America 74
Table 35: Duke Energy Carolinas And NCEMC Agree To Purchase Additional Interest In Catawba Nuclear Station 75
Table 36: Tennessee Valley To Acquire Gas Plant From Duke Energy For $55 Million 76
Table 37: Duke Energy To Acquire Interest In 500 Megawatt Nuclear Power Project From Southern Company 77
Table 38: Duke Energy To Sell Part of Its Wind Power Business 78
Table 39: Cinergy Merges With Duke Energy 79
Table 40: Duke Acquires Catamount Energy From Diamond Castle 80
Table 41: DCP Midstream Acquires Stock Of Momentum Energy Group 81
Table 42: DCP Midstream Partners Acquires Partial Interests In DCP East Texas And Discovery Producer From DCP Midstream 82
Table 43: Econergy International Acquires 50% Interest In Empresa Electrica Corani 83
Table 44: DCP Midstream Partners Acquires Gas Supply Resources From DCP 84
Table 45: Vectren Acquires 50% Interest In Miller Pipeline From Duke Energy 85
Table 46: AGL Resources Sells 50% Interest In Saltville Gas Storage And Virginia Gas To Duke Energy 86
Table 47: Norsk Hydro Energy Acquires Duke Energy Europe Northwest From Duke Energy International 87
Table 48: Enbridge Completes Acquisition Of Additional Interest In Alliance Pipeline 88
Table 49: Enbridge Completes The Acquisition Of Additional Interest In Vector Pipeline 89
Table 50: Cinergy Global Sells Cinergy Renovables To ENERGI E2 90
Table 51: FRAMATOME ANP Of AREVA Acquires Duke Engineering & Services From Duke Energy 91
Table 52: Duke Energy Acquires Westcoast Energy 92
Table 53: Duke Energy International Acquires Hidroelectrica Cerros Colorados 93
Table 54: Duke Energy Sells Compagnie Thermique du Rouvray To ArcLight Capital Partners 94
Table 55: Duke Energy Completes Public Offering Of $250 Million Of Senior Notes 95
Table 56: Duke Energy Files For Debt Offering 96
Table 57: Duke Energy And AREVA Partners Form ADAGE 97
Table 58: Duke Energy Forms Joint Venture With American Electric Power Company 98
Table 59: Cameco Partners With Urenco, Westinghouse Electric, Exelon Generation, Entergy Louisiana Holdings And Claiborne Energy 99

1.2 List of Figures
Figure 1: Duke Energy Corporation Capacity Distribution 12
Figure 2: Duke Energy Corporation, Deals Volume Summary, 2004 to YTD 2009 52
Figure 3: Duke Energy Corporation, Deals Summary by Region, 2004 to YTD 2009 53