Anderson County Approves Tax Deal for $2.5 Billion Duke Energy Power Plant

Key Facts

1Anderson County Council approved a tax deal for a $2.5 billion natural gas plant.

2Construction is anticipated to begin in summer 2027 with a capacity of 1,400 megawatts.

3The project was approved in a 4-3 vote despite resident concerns regarding environmental impacts.

The Anderson County Council has officially approved a crucial tax incentive agreement, clearing the path for Duke Energy to proceed with a new $2.5 billion natural gas-fired power plant. Construction is anticipated to commence in the summer of 2027, with the facility expected to deliver a generation capacity of 1,400 megawatts. The project secured approval in a narrow 4-3 vote, overcoming significant opposition from local residents concerned about environmental and health impacts. This agreement is designed to generate substantial long-term tax revenue for local schools and infrastructure development. For Duke Energy, the vote removes a major regulatory and fiscal hurdle for one of its largest capital intensive projects. The move underscores the utility's strategy to expand energy infrastructure while securing favorable financial terms for its long-term operations.