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Duke Energy plans to acquire 55 acres of easements in path of Triad megasite

February 06 2017

Triad Business Journal

Duke Energy officials said Friday that the company plans to buy up easements comprised of about 55 acres of land to make way for a 7.8-mile transmission line that will cut through the Greensboro-Randolph megasite.

The transmission line is a critical piece of the megasite project because it is designed to provide large quantities of power for a large-scale industrial user that could employ 1,750.

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Meghan Miles, Duke Energy spokeswoman, told TBJ Friday that company real estate agent will send in a letter to about 44 homeowers in the next few weeks describing the route of the power line and surveying activities associated with the easement process.

Of the 44 property owners, 34 of them have transmission infrastructure on their properties, she said. Duke will work with the remaining 10 property owners to acquire easements "with minimal impact to their property," Miles said.

"For example, we will not put needed infrastructure over homes or in front yards," she said. "Some of these properties may not even have a pole or structure on their property – a portion of the line may just cross the side or back of the property."

She said Duke Energy (NYSE: DUK) will work with property owners on determining a specific cost for buying their land, which will vary case by case.

Construction activities will not commence on the future transmission line until the Greensboro-Randolph Megasite Foundation has secured a customer for Duke Energy to supply with power. Miles said a price tag for the transmission line has not yet been determined.

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