Expenses For a Duke Power Plant Could Reach A Billion Dollars

Duke Energy estimates that it would cost one-point-five billion dollars to to build a single coal-fired power unit at its Cliffside power plant in western North Carolina. That's according to an estimate provided to the state Public Utilities Commission. The commission ruled in February that it would allow Duke to build one 800-megawatt coal-fired generator at its Cliffside Steam Station. Duke has until May 31 to file any special reports with the commission detailing any revisions to the cost estimate for the single unit. The company has said it didn't plan to decide whether to proceed with a smaller Cliffside project until it sees final
cost estimates, which should be complete soon after the end of the
first quarter.