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Charlotte is home to Duke Energy, the nation’s largest electric power holding company. It now provides energy to more than 7 million residential, commercial and industrial customers in the U.S. using an efficient combination of nuclear, coal-fired and hydroelectric facilities. The average industrial price of 5.7 cents/kWh is below the national average of 6.4 cents/kWh, and the company has incentives for companies looking to develop or redevelop sites and add jobs.
Natural gas is available from Charlotte-based Piedmont Natural Gas. The company serves more than 1 million residential, commercial and industrial utility customers in North Carolina, South Carolina and Tennessee, including municipalities that are wholesale customers.
Charlotte-Mecklenburg Utility Department (CMUD) receives water from the Catawba River, whose headwaters are in the Appalachian Mountains. Here, dams created a series of lakes, including Mountain Island Lake, Charlotte’s main supply. Even on days of highest demand, Charlotte draws less than 3 percent of the lake’s content. Even as the water and sewer system grows with the region, the area’s 796,000 customers have an ample supply of high-quality source water for the foreseeable future.
The utility maintains more than 253,000 commercial and residential water connections. Fully funded by water and sewer customers, CMUD uses its AAA bond rating to fuel an aggressive capital program to ensure future water and wastewater treatment capacity. There are currently three water treatment plants and five wastewater treatment plants.
More than 30 companies offer telecommunications services in Charlotte, including major national and regional providers. Charlotte telecommunications offerings are diverse and up-to-date with the newest technology trends. There are thousands of miles of fiber optic cable and a wealth of wireless providers in the region. Broadband providers in Charlotte include AT&T, Time Warner Cable and Windstream.