Duke Energy to propose new natural gas plant in Anderson County, SC

June 10, 2025 07:05 AM PDT | By EODHD

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Duke Energy to propose new natural gas plant in Anderson County, SC — Image source: Kalkine Media

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Duke Energy (DUK) announced the company’s intent to submit an application to the Public Service Commission of South Carolina for approval to build a new natural gas power plant in Anderson County. As part of the company’s responsibility to serve nearly 860,000 retail electric customers across 30 South Carolina counties, Duke Energy says it needs to build and enable large amounts of new generation quickly to keep up with the success the state is seeing in economic development and population growth. The company expects to submit the construction application to the PSCSC later this year. If approved, construction is anticipated to begin in summer 2027 and would be expected to serve customers by early 2031. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news.

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