Buckhorn Dam was built by the Cape Fear Power Company in the early 1900s. In 1908, the hydroelectric dam began producing power for Fayetteville. During the dam's construction the death of several workers and financial difficulties threatened the project. The Cape Fear Power Company was bought out by the New York firm Electric Bond & Share Company. Only six months after the dam began producing power, the EB&S added the Buckhorn Dam property to the company's holdings in Raleigh and Sanford, and formed the Carolina Power & Light Company. The dam was soon supported by coal power and later nuclear power. The Buckhorn hydroelectric dam was permanently close in 1963. When it first opened in 1908, the dam produced 2500 kilowatts of electricity. The new Shearon Harris Nuclear Power Plant, located seven miles from Buckhorn Dam, produces 720 times as much electricity.