Duke Energy Carolina has issued a request for proposals for up to 700 MW of intermediate generating capacity to begin delivery in the 2016/2017 time period.

The purpose of this RFP is to serve as one of the several possible options for DEC to consider to meet its future capacity needs. Under the request, Duke Energy Carolina is seeking purchased power agreements of 15 - 20 years for generation resources in comparison to a self-build option. The request for proposals also specifies that bids must be of a minimum block of 50 megawatts.

The company has retained Burns & McDonnell to act as an independent third party during the evaluation of the bids. All questions from bidders on the request for proposals should be sent to DukeEnergyCarolinaRFP@burnsmcd.com. A web site, www.DukeEnergyCarolinaRFP.com, has also been established. Answers to questions will be posted to the web site so they will be available to all potential bidders.

Bids must be received by Burns & McDonnell by 4 p.m. CST, November 27, 2012. Prospective bidders are strongly encouraged to provide a Notice of Intent to Bid by November 9, 2012. Duke Energy Carolina expects to complete negotiations in the first quarter of 2013.

Duke Energy Corporation (Duke Energy), the largest electric power holding company in the United States, supplies and delivers energy to approximately 7 million U.S. customers. The company has nearly 49,600 MWs of owned regulated electric generating capacity in the Midwest and the Carolinas and natural gas distribution services in Ohio and Kentucky. DEC owns more than 19,000 MW of safe, reliable electric generation and provides competitively priced electricity to almost 2.4 million electric customers.

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the internet at www.duke-energy.com.