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Duke Energy's new 2 GWs of US data centers to include minimum take agreements, CFO says
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Duke Energy's new 2 GWs of US data centers to include minimum take agreements, CFO says
Nov 7, 2024 11:05 PM

NEW YORK, Nov 7 (Reuters) - Duke Energy ( DUK ) will include

take-or-pay provisions in its agreements for two new gigawatts

of U.S. data centers in its territory, as the utility continues

to hammer out details of its power agreements with the

businesses, Duke's chief financial officer told Reuters on

Thursday.

Contracts for data centers and other customers with power

demand at a single site of more than 100 megawatts would require

payments for a minimum amount of electricity regardless of

usage, CFO Brian Savoy said, adding that any agreements would

need to be approved by regulators.

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