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Duke Energy Corp. plans to use its recently purchased Tierra Energy unit to build a wind-energy division in its unregulated business, seeing an opportunity for selling alternative energy to industrial customers.

Duke expects to make money from Tierra's planned wind generators by 2009. And it is looking far beyond the 240 MW of capacity Tierra has under construction or its options on additional projects that would bring its total to 1,000 MW.

With wind energy expected to grow from its current capacity of 12 GW nationwide to 50 or 60 GW by 2015, Duke intends to "grow this into a real business," says one company executive.

Duke Energy Generation Services, which will oversee the company's wind-power division, is not a regulated utility.

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