ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--The new year marked the beginning of electric service provided by NTE Energy in North Carolina. On January 1st, 2018, five North Carolina wholesale customers began receiving low-cost power supply from the St. Augustine-based energy company, rather than Duke Energy. The Towns of Winterville, Black Creek, Lucama, Sharpsburg, and Stantonsburg, NC, have long-term Power Purchase Agreements with NTE and seamlessly began receiving NTE power at midnight on January 1st. Another 4 cities (Concord NC, Kings Mountain NC, Greenwood SC, and New River Light and Power) have similar contracts with NTE, and will be receiving power from NTE beginning later this year. Several other communities in North and South Carolina are, also, in advanced discussions to switch their energy supplier to NTE.
Seth Shortlidge, CEO of NTE Energy, said, “NTE was founded in 2009 with a goal to revolutionize the power industry by bringing low cost, reliable and environmentally-conscious energy to our customer communities. We are extremely proud of this milestone, and to be bringing significant power cost savings and economic development opportunities to each of these communities. We look forward to many more communities throughout the Southeast obtaining these same advantages, and providing their citizens with significantly reduced power costs.”
NTE’s first North Carolina power plant is the Kings Mountain Energy Center, a state of the art, 500MW combined cycle plant located in Cleveland County. NTE’s second plant in the Carolinas, The Reidsville Energy Center, is an approximately 500MW combined cycle generating facility to be constructed in Rockingham County, NC. The Rockingham County project recently commenced construction, after receiving its interconnection agreement with Duke Energy Carolinas last month. The company has additional combined cycle plants under development in the Carolinas, as well as a 30MW solar project in Fayetteville, NC.
About NTE Energy
NTE Energy, through its affiliates, develops and acquires strategically located electric generation and transmission facilities within North America. The team executes all aspects of project development, construction and asset management. For more information about NTE Energy, visit www.nteenergy.com.