September 16, 2008

Duke Energy Acquires Catamount Energy

Power and gas utility Duke Energy has finalized its acquisition of Catamount Energy, an independent power producer.

Earlier in September 2008, Duke Energy's Happy Jack wind farm in Wyoming went into commercial operation. Two additional wind energy projects in Texas, which are scheduled to come on line later in 2008, along with the assets from the Catamount acquisition will provide approximately 500MW to Duke Energy's wind portfolio. An additional 5,000MW of wind energy is currently under development in 12 states.

Wouter Kempen, president of Duke Energy Generation Services, a business unit of Duke Energy, said: "The Catamount purchase further positions Duke Energy with additional expertise, resources and a proven track record to continue our growth in the wind business."