NTE Energy Commences Work on the Reidsville Energy Center

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NTE Energy announced that it executed a Large Generator Interconnection Agreement (LGIA) with Duke Energy to connect its second North Carolina power plant to the transmission system. The interconnection work began earlier this month, with electric backfeed scheduled for 2019. The Reidsville Energy Center is an approximately 500MW natural gas-fired combined cycle generating facility to be constructed in Rockingham County, NC. The project will provide a clean and efficient source of reliable electric capacity and energy for NTE Energy’s customers in the Carolinas region. Mike Green, SVP for the Carolinas, said, “We appreciate Duke Energy Carolina’s assistance in reaching an agreement to allow this important energy resource to interconnect with the regional transmission grid. We look forward to executing the interconnection upgrades for Reidsville and continue bringing our lower cost and environmentally responsible power supply to our customers throughout North and South Carolina.”

The Reidsville facility will be the second generating plant in the Carolinas for NTE Energy. “This agreement represents NTE’s commitment to developing economical, reliable and clean sources of energy to serve our customers throughout the region,” said Seth Shortlidge, CEO of NTE Energy.

About NTE Energy

NTE Energy, through its affiliates, develops and acquires strategically located electric generation and transmission facilities within North America. The team executes all aspects of project development, from initial market and site evaluations and permitting to financing, construction and operation. For more information about NTE Energy, visit www.nteenergy.com

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Business Wire: 14:07 GMT Tuesday 14th November 2017

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