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Duke Energy's new 2 GWs of US data centers to include minimum take agreements, CFO states

Duke Energy will consist of takeorpay provisions in its contracts for 2 new gigawatts of U.S. information centers in its area, as the energy continues to work out information of its power agreements with the services, Duke's chief monetary officer told Reuters on Thursday. As the technology industry's race for electrical power to power technologies like generative expert system drives up U.S. power need, electric energies have proposed new agreement structures to secure the public from higher power bills triggered by the data center buildout. Contracts for information centers and other Duke clients with power need at a single website of more than 100 megawatts would need payments for a minimum quantity of electrical energy regardless of usage, CFO Brian Savoy said, adding that any contracts would need to be approved by regulators. The brand-new data center customers, who have not been identified, have signed arrangements, recognized land they would utilize, however have not completed power contracts with Duke.

Now we're negotiating over the next few months on what the contracts would appear like, Savoy stated.

Conversations with the information center operators consist of whether they would co-invest in facilities required for the centers and whether there would be a special tariff rate to attempt to secure the public from rising power bills.

(source: Reuters)