The development of Duke Energy Company is intertwined with the traditions of many different companies. During 100 years, many companies continued to unite, develop and grow, and finally became Duke Energy Company.
1899, james buchanan duke (1856- 1925) established the American development company, and purchased the land of Catoba River in Chester, Lancaster and fairfield basin. His brother Newton Duke is the chairman of the company.
1900 in June, Walker Gill Wylie and his brother Robert H. Wylie set up the Catawba Power Company and wanted to build a hydropower station on Catawba near Rock Mountain. This project will cost one million dollars, and when completed, it can provide electricity for the area around Rock Mountain.
On April 30th, 1904, Katoba Hydropower Station of Katoba Power Company was completed in York, with a power generation capacity of 3,300 kilowatts. This is the first power plant of Duke Energy Company, marking the birth of Duke Energy Company.
1905, Southern Power Company was established in New Jersey, with Walker Gill Wylie as the chairman, Benjamin Newton Duke as the vice chairman, William States Lee as the vice chairman and chief engineer, R.B. Arlington as the administrative and financial supervisor, L. C. Harrison as the assistant administrative supervisor and W. H. Martin as the assistant financial supervisor.
1907, the first steam power plant of Duke Energy Company started operation, with a power generation capacity of 1500 kW, and the equipment used was rented from Highland Park Cotton Factory. 19 1 1 year, China Southern Power Company established its own steam power stations-Greenville Power Station and GreenSboro Power Station.
On April 7th, 1907, the Great Waterfall Hydropower Station was completed and put into operation. This is the first hydropower facility built by China Southern Power Company, which is located on the Kataoba River near the Great Falls.
1929, Hugoton Oilfield was mined near Liberal, Kansas, with a daily output of100000 cubic feet. Pan Gandel Oriental Company regards this oilfield as the source of its products and has been using it for nearly 50 years.
1936, the operating income of Pan Gandel East Company reached170,000 USD for the first time, among which Detroit and Michigan had the largest sales. In June 5438+the same year 10, the eastern part of the handle acquired Dezhou Intercontinental Pipeline Company.
1943, W.G. Maguire was elected as the chairman and CEO of Pan Gandel East Company, and signed cooperation agreements with several industrial manufacturers in Illinois and Missouri, so Pan Gandel East Company developed more rapidly.
In 1954, the Supreme Court of the United States held that in the process of 1938 passing the natural gas bill, Congress should control the price of natural gas transportation and sales, and it should have controlled the price during the mining period. This is a new aspect of the federal bill, which hinders investment in new natural gas reserves. Pan Gandel Oriental Company has taken measures to increase natural gas supply to adapt to the trend of decreasing natural gas reserves.
1979, the operating income of Pan Gandel Oriental Company reached $2.5 billion for 50 consecutive years.
1982, the board of directors of Duke Energy Company cancelled the plan to build two nuclear power plants in Perkins and Cherokee, and the Cherokee nuclear power plant was partially completed at that time, which caused a loss of $633 million to Duke Energy Company.
1993, Paul Anderson was elected as chairman of Pan Gandel Oriental Company, and 1995 was elected as CEO.
1996, Pan Gandel East Company was renamed Pan Neng Energy Company. In the same year, the company acquired the production and processing department of Mobil for $300 million, and entered the venture capital market together with Mobil, occupying most of the natural gas market in North America.
In September, 2000, the torch of Sydney Olympic Games used the fuel of Dongfang Natural Gas Pipeline Company.