Duke Energy withdraws from Clean Coal coalition

US utility Duke Energy has withdrawn from the American Coalition for Clean Coal Electricity (ACCCE) because of constraints imposed by influential member companies who will not support passing climate change legislation in 2009 or 2010 the company said.

Duke Energy said the lack of support became increasingly apparent during and after the debate on the Waxman/Markey legislation in the US House of Representatives in recent months.

"We have a capital budget of $25 billion over the next five years and the sooner we get regulatory certainty on what the rules will be the better decisions we can make," says Tom Williams, spokesman for Duke Energy. "We as a company are modelling 40-50 years ahead and we have to guess what the rules are going to be and

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