From the Triangle Business Journal, by Evan Hoopfer
Duke Energy made a substantial land purchase last week in Chatham County to support the surging growth in the community.
Duke Energy purchased 67.9 acres for $3.075 million, according to a deed filed March 30. The purchase price comes out to about $45,000 an acre.
The land sits near the Chatham-Randolph County line and is next to the Chatham-Siler City Advanced Manufacturing megasite (CAM).
Duke plans to construct a new substation on the site to increase reliability in the area. The infrastructure will function as a switching station helping balance the energy across the grid.
Continue reading on the Triangle Business Journal website.
