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CHARLOTTE, N.C. - Duke Energy said Monday it will build a 51-megawatt wind farm in eastern Colorado and has completed the purchase of a Pennsylvania wind project.
Duke, one of the nation's largest power generators, did not release financial terms of either project.
The Charlotte, N.C.-based utility hopes to complete construction of the 34-turbine Colorado wind farm by the end of 2010 on 6,000 acres it leased near Burlington, about 150 miles east of Denver.
Duke signed a 20-year agreement to sell the power to Tri-State Generation and Transmission Association of Westminster, Colo.
In Pennsylvania, Duke acquired the 35-turbine, 70-megawatt wind project from Gamesa Energy USA about 95 miles east of Pittsburgh. The site is expected to begin operation later this year.
Duke signed a 23.5-year agreement to sell the power from that farm to Akron, Ohio-based FirstEnergy Corp.
Shares of Duke rose 9 cents to $14.50 while FirstEnergy's shares fell 23 cents to $37.46 in morning trading.
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