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Rocky Mount utility debt tied to Enkemper sale paid off, council told
Summary
Councilman Daughtridge told the Rocky Mount City Council that the North Carolina Eastern Municipal Power Agency (Enkemper) debt that had been carried since the 1980s has been paid off following a sale of generating assets and a wholesale agreement with Duke Energy Progress.
Councilman Daughtridge reported to the Rocky Mount City Council that the city’s share of long-standing debt issued through the North Carolina Eastern Municipal Power Agency (referred to in the meeting as Enkemper) has been paid off.
Daughtridge said the agency issued debt in the 1980s to purchase generating-asset ownership shares and that, following a sale of Enkemper’s generating assets to Duke…
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