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Record #:
10879
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William Bulgin McGuire, president of Duke Power Company, is featured in this month's We The People Magazine's North Carolina Businessman in the News.
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Record #:
31032
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One of the nation's ten largest electric operating companies, Duke Power's stock was traded for the first time in July on the New York Stock Exchange. There are over 11 million shares of common stock now issued, with 109,000 more shares to be authorized.
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Record #:
30972
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The average residential customer of Duke Power Company used more than 40 percent more electricity in 1959 than customers across the nation. Duke, a leading power system in the United States, increased its 12.5 billion killowatt hour product in 1958 to 13.8 billion in 1959. But despite major construction and additional services, rates have been reduced to make the advantages of electrical service available to all.
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Record #:
30976
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Plans were announced in 1959 to create new jobs and over $96.5 million in new payroll in North Carolina' Piedmont service area of Duke Power Company. In keeping with the industrial boom in the area, Duke invested $72 million for additional generating, transmission and distribution facilities.
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Record #:
30842
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The largest power generating unit in the Southeast is being constructed by the Duke Power Company on the Catawba River near Belmont, North Carolina. Costing $33 million, the turbo-generators will provide a capacity of 625,000 kilowatts, five units combining for a total capacity of 1 million kilowatts. The voltage will be transformed and delivered to homes and businesses.
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Record #:
14984
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William States Lee was a pioneer in harnessing water power to generate electricity. His genius coupled with the money of James B. Duke created the Southern Power Company, later to be called the Duke Power Company. Lee connected electricity sources with customers using the then new transmission wires and soon companies switched from steam to electricity.
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