Duke Energy Corp - DUK STOCK NEWS

Duke Energy (NYSE: DUK) has awarded $50,000 in grants to celebrate Black History Month, with funds distributed among five South Carolina nonprofits selected by company employees. Each organization received $10,000 to support their local missions.

The grant recipients include:

• Boys & Girls Club of the Pee Dee Area
• Calvary Children's Home
• Fostering Faithfully
• Greer Relief and Resource Agency
• A Father's Way

The initiative, led by Duke Energy's South Carolina president Tim Pearson, allowed nearly 4,000 employees to nominate qualifying 501(c)(3) nonprofits. The Duke Energy Foundation, funded by shareholders, provides over $30 million annually in philanthropic support across their service areas, which include 8.4 million electric utility customers and 1.7 million natural gas customers across six states.

Duke Energy Florida has submitted its 2025 Solar Base Rate Adjustment filing, detailing plans for four new solar energy sites with a total investment of over $521 million. The sites, located in Madison, Sumter, Hernando, and Jefferson counties, will add nearly 300 megawatts of carbon-free energy to the electric grid and are expected to save customers $843 million over their service lifetimes.

Three sites - Sundance, Half Moon, and Rattler renewable energy centers - will be operational by January 2026, while the Bailey Mill center is scheduled for completion by summer 2026. Each 74.9-megawatt site will generate enough power for approximately 23,000 homes and create 150 temporary construction jobs.

The company currently operates more than 25 solar sites producing approximately 1,500 megawatts and plans to build 12 new solar sites between 2025-2027, adding 900 megawatts. Duke Energy Florida projects to have over 6,100 megawatts of utility-scale solar generating capacity online by 2033.

Duke Energy Foundation has donated $40,000 to the Area Agency on Aging of Pasco-Pinellas (AAAPP) to provide severe weather kits for older adults ahead of the 2025 hurricane season. The donation will help approximately 1,000 seniors prepare for severe weather conditions.

The kits include essential items such as light sticks, flashlights, headlamps, battery-powered radios, first-aid supplies, and various safety-related items. Duke Energy provided 25 volunteers to assemble the kits, which will be distributed throughout Pinellas and Pasco counties.

The initiative is part of Duke Energy Foundation's annual philanthropic support, which provides more than $30 million to meet community needs where Duke Energy customers live and work.

Duke Energy has appointed Katherine Neebe as its new chief communications officer (CCO), effective Feb. 24, 2025. Neebe, who currently serves as senior vice president and chief sustainability officer, will succeed Oscar Suris, who will transition to a senior advisor role.

Under Suris's leadership, Duke Energy's Corporate Communications underwent reorganization to become a fully integrated communications, public affairs, and brand marketing organization. The company also announced that Amy Strecker will temporarily lead Neebe's former organization while maintaining her role as Duke Energy Foundation president.

Neebe emphasized that her focus will remain on delivering business outcomes through customer and community service, highlighting the importance of corporate communications in advancing the company's energy modernization strategy.

Duke Energy (DUK) is preparing for an approaching winter storm that could bring a mix of snow and ice, potentially causing power outages in some regions. The company emphasizes its readiness to respond to outages and highlights its grid improvement efforts, including self-healing technology that helped avoid over 1.2 million customer outages in the Carolinas in 2024.

The company outlines multiple ways for customers to report outages, including text messaging, mobile app, website, and phone. Duke Energy also provides comprehensive safety reminders and energy-saving tips for customers during cold weather, such as thermostat management and proper maintenance of heating systems.

The utility company serves 8.4 million electric customers across six states and 1.7 million natural gas customers across five states. Duke Energy is actively pursuing a clean energy transition, aiming for net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050.

Duke Energy Florida is celebrating Engineers Week (Feb. 16-22, 2025) by highlighting the important role of power grid dispatchers who serve as the 'eyes in the sky' of the power grid serving over 2 million customers across 35 counties.

Becoming an associate power grid dispatcher at Duke Energy Florida's Distribution Control Center (DCC) requires extensive training, including nearly two years of classroom and on-the-job experience. Dispatchers work in 12-hour rotating shifts, providing 24/7 coverage, communicating with line crews, and operating complex computer systems to maintain power flow and reduce outages.

These professionals are essential for maintaining crew safety and ensuring reliable service. The position typically requires electrical engineering degrees or utility line work experience. Duke Energy Florida, a subsidiary of Duke Energy (NYSE: DUK), owns 12,300 megawatts of energy capacity and serves customers across a 13,000-square-mile service area in Florida.

Duke Energy (NYSE: DUK) has released its fourth-quarter and full-year 2024 financial results. The Fortune 150 company will host an investor presentation on February 13, 2025, at 10 a.m. ET to discuss the results and provide business updates.

The company serves 8.4 million electric utility customers across six states and 1.7 million natural gas customers across five states. Duke Energy owns 54,800 megawatts of energy capacity and is currently executing an energy transition strategy focused on grid upgrades and cleaner generation, including investments in natural gas, nuclear, renewables, and energy storage.

Duke Energy Florida is addressing increased energy usage from January's extreme winter weather by offering various customer support resources. Despite lowering rates by nearly $10 in January, customers may face higher bills due to increased heating demands. The company is providing multiple assistance programs including: Home Energy Checks, Home Improvement Rebate Programs, Income-Qualified Weatherization Program, and the EnergyWise® Home Program.

Weather data shows significant temperature drops across Florida regions: Tallahassee experienced 8.5°F colder temperatures than December, leading to 79% more heating energy usage; Orlando was 7.5°F colder, resulting in 145% higher heating energy use; and St. Petersburg was 6.8°F colder, causing a 187% increase in heating energy consumption compared to December.

Duke Energy (NYSE: DUK) has announced a $200,000 grant initiative to support South Carolina's aging population through 20 nonprofit organizations. Each organization will receive $10,000 to enhance their infrastructure and expand services. This funding is part of a continued commitment to senior programs, with over $300,000 distributed in the past two years.

The grants will support various services including Meals on Wheels programs, home repairs, and wheelchair ramp construction across multiple counties. This follows previous initiatives including $20,000 grants to 15 nonprofits in 2023 for home repairs, and $100,000 in grants to 13 organizations in 2024 for home ramp programs.

The Duke Energy Foundation, funded by shareholders, provides more than $30 million annually in philanthropic support. The company serves 8.4 million electric customers and 1.7 million natural gas customers across multiple states, and is working toward net-zero emissions goals by 2030 for natural gas and 2050 for electricity generation.