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Duke Energy buys Catamount Energy for $240 million

Vermont Public Radio reports that "Duke Energy Corp. of Charlotte, N.C., has bought privately held Catamount Energy Corp. of Rutland, Vt., for about $240 million." Catamount, which was founded in 1992, has "developed wind projects in the United States and the United Kingdom" and "currently operates facilities providing 300 megawatts of renewable energy." The acquisition by Duke is expected to "bolster the Charlotte-based utility's wind energy generation capability."

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Posted on Friday, June 27, 2008 at 12:34PM by Registered CommenterVCF Staff | Comments Off