University of South Carolina

Duke Energy gives $500,000 endowment

The Duke Energy Foundation is giving $500,000 to the University of South Carolina to establish the Duke Scholars and Fellows Endowment in USC’s College of Engineering and Computing.

Jim Rogers, CEO, chairman and president of Duke Energy Inc., made the presentation to USC President Dr. Harris Pastides while he was visiting USC for a clean energy and jobs forum.

“We see this gift to the university as an investment in the economic future of South Carolina,” said Catherine Heigel, president of Duke Energy South Carolina. “Our investment will help develop a pipeline of talent and technology to spur the workforce development and technological innovations needed to fuel the state’s economy.”

The money also will enable researchers from USC’s College of Engineering and Computing and Duke Energy to work together on nonproprietary joint energy projects.

Scholarships and fellowships are for students majoring in electrical or mechanical engineering or computer science and are open to students with a minor in nuclear engineering. The first awards will be given in 2012.

Duke Energy, headquartered in Charlotte, is the third-largest electric-power-holding company in the United States. Its regulated utility operations serve approximately 4 million customers in five states: North Carolina, South Carolina, Indiana, Ohio and Kentucky. Duke Energy’s commercial power and international-business segments operate diverse power-generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States.

By Office of Media Relations

Posted: 11/16/10 @ 3:20 PM | Updated: 11/16/10 @ 3:34 PM | Permalink