July 15, 2011 / 9:45 PM / 8 years ago

UPDATE 1-Duke Energy expects Ohio coal plant retirement

* Says anticipates coal retirement due to EPA’s proposed rule

* Plans to meet demand by buying electricity (Follows alerts)

July 15 (Reuters) - U.S. utility Duke Energy said it expects to retire all the six coal-fired generation units at its W.C. Beckjord Station near Cincinnati by Jan. 1, 2015 due to a proposed Environmental Protection Agency (EPA) rule.

Under the recently proposed Utility Maximum Achievable Control Technology (MACT) rule, which will be finalised in November, coal-fired plants would require to reduce emissions of particular toxic air pollutants.

The company said it plans to meet demand by buying electricity on the competitive wholesale market or by constructing or acquiring natural gas-fired combined-cycle generating assets.

The company said the 120 Duke personnel at the Beckjord Station might be offered employment at other Duke Energy plants.

Shares of Duke Energy, which is buying Progress Energy Inc for $13.7 billion, closed at $18.85 on Friday on the New York Stock Exchange. (Reporting by Vaishnavi Bala in Bangalore; Editing by Maju Samuel) ((vaishnavi.bala@thomsonreuters.com within U.S. +1 646 223 8780 outside U.S. +91 80 4135 5800 Reuters Messaging:vaishnavi.bala.reuters.com@reuters.net)

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