Duke Energy Progress filed on Dec. 16 with the North Carolina Utilities Commission, totally under seal, a negotiated agreement for the purchase of power from Innovative Solar 79 LLC, a qualifying facility (QF) located in New Bern, North Carolina.
“The agreement represents months of negotiation with the QF,” said this Duke Energy (NYSE: DUK) subsidiary. “Public disclosure would impair DEP’s ability to negotiate future purchased power agreements on favorable terms because future sellers would know what rates, terms and conditions DEP is willing to accept and would begin their negotiations from that point. A copy of the agreement is being served on the Public Staff. DEP will make the agreement available to others upon the signing of a confidentiality agreement.”
The North Carolina commission on Aug. 31 approved an April 24 application from Innovative Solar 79 for a certificate of public convenience and necessity on a 25-MW (ac) solar photovoltaic facility to be located at 595 Tebo Road near New Bern in Craven County. The applicant had said it plans to sell the electricity generated by this facility to Duke Energy Progress.
This was part of a long series of recent certificate approvals for Innovative Solar Systems LLC.