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Integrating energy and energy services is a cornerstone of Duke Energy's success. DukeSolutions became a flagship energy management company when Duke Energy founded it in 1997. DukeSolutions is Duke Energy's full-scope provider of energy services, helping customers across North America to improve efficiency, productivity and financial performance while reducing cost and risk.
DukeSolutions made significant progress in 1998 toward becoming a leading North American retail energy solutions provider:
- The company signed more than 24 significant long-term contracts, creating a future revenue stream of $1.2 billion.
- The Federal Energy Regulatory Commission issued DukeSolutions a license to operate as a power marketer.
- DukeSolutions achieved a true North American scope through its purchase of Tescor Energy Services, Inc., one of Canada's leading energy services companies. Tescor has delivered energy savings to its clients worth more than $135 million.
With deregulating wholesale and retail markets, energy marketing has strong growth potential as part of an energy management portfolio. Trading and Marketing manages fuel procurement, energy purchasing and energy marketing for generators and utilities. Its services extend from the point of production to the customer's usage meter.
In its regulated markets, Duke Power's energy services beyond the meter give industrial and commercial retail customers power to lower costs, improve product quality and focus on their core business. Account managers work closely with customers to identify savings through rate options, electrotechnologies and other opportunities to increase efficiency and lower costs. These services enable Duke Power customers to be competitive in cost, efficiency and productivity. They are also crucial in the evolution to deregulated retail markets.
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(left) DukeSolutions is providing energy performance contracting services to IBM, covering more than 4 million square feet of offices, laboratories, warehouses and production facilities at its campus at Research Triangle Park in North Carolina.
(right) DukeSolutions is delivering comprehensive services for more than 70 North American facilities of Kraft Foods, Inc., including this cereal manufacturing facility in Modesto, Calif., where Mary Wyand, DukeSolutions Senior Project Manager and Desire Bouagnon, Kraft Engineering and Maintenance Manager, discuss cost reduction measures to improve a boiler's efficiency.
Duke Power Account Manager Tammy Trexler, left, and David Ladd of Charlotte Pipe and Foundry at the company's Monroe, N.C., plastic pipe factory, where Duke Power has brought a number of energy-related solutions to enhance productivity, power quality and efficiency.
DukeSolutions is delivering financial and technical services through its "Performance Partnership" with Pillowtex Corp. Energy savings for the client deliver earnings to DukeSolutions, and Pillowtex can direct capital to its core business. DukeSolutions' Jim Smith, right, and Pillowtex's Mike Abba, left, have been working together in a textile printing plant in Kannapolis, N.C.
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