Duke Energy Corporation - DUK STOCK NEWS

Duke Energy Florida has successfully completed its Clean Energy Connection initiative, delivering on its commitment to provide nearly 750 megawatts of solar generation in Florida. The company has operationalized all 10 solar energy sites across the state, from Bay County to Hardee County.

Each 74.9-megawatt site can power approximately 23,000 homes and will reduce the use of traditional fuels significantly. The project created over 1,500 temporary jobs during construction and contributes substantial tax revenue to local counties.

The initiative allows customers to subscribe to support solar energy production and earn credits on their electricity bills. Duke Energy Florida now operates more than 25 solar sites producing almost 1,500 megawatts of emission-free generation. The company plans to add 12 new solar sites between 2025-2027, contributing another 900 megawatts, with a projected addition of at least 450 megawatts annually for the next decade.

Duke Energy (NYSE: DUK) has announced a new $500,000 grant opportunity to support organizations leading long-term recovery efforts in western North Carolina following Hurricane Helene. Eligible organizations can apply for grants up to $25,000 through Feb. 17, 2025.

This initiative builds upon Duke Energy's previous $2.2 million commitment for disaster relief, rebuilding, and readiness efforts in North Carolina. The Duke Energy Foundation, funded by shareholders, provides over $30 million annually in philanthropic support.

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

Duke Energy Florida and Coastal Conservation Association Florida (CCA Florida) have signed a new collaborative agreement to continue environmental protection efforts in Florida. Duke Energy is providing an additional $100,000 to support CCA Florida's conservation initiatives.

The partnership, which began in 2017, has achieved significant milestones through Duke Energy's Crystal River Mariculture Center, including the release of over 5.3 million fish and crustaceans along Florida's coast and the planting of 40 million clams in the Indiana River Lagoon. The center has also planted more than 100,000 eelgrass, mangroves, and marsh grass.

The renewed agreement focuses on restocking fish species, habitat restoration, and protecting Florida's natural resources, demonstrating both organizations' commitment to environmental stewardship and sustainable marine ecosystems.

Duke Energy (DUK) has set a new preliminary combined utility system usage record of 37,387 MWh on January 23, 2025, surpassing the previous record of 36,670 MWh from February 20, 2015. This milestone occurred during an extended period of freezing temperatures in the Carolinas service area, which experienced about 65 hours of freezing or below freezing temperatures starting January 20, 2025.

The company successfully managed the record-breaking power usage while maintaining reliable service to customers. Duke Energy relies on a diverse energy mix including nuclear, natural gas, hydro renewables, and coal to meet growing energy needs. The company has provided customers with various energy-saving tips and solutions, including thermostat management, water heater settings, and proper use of ceiling fans, to help manage energy consumption and costs during cold weather periods.

Duke Energy (NYSE: DUK) is actively managing its power grid during prolonged freezing temperatures, with customer demand expected to peak on Thursday across the Carolinas. The company is implementing a comprehensive plan that includes operating all available generating assets, offering customer energy-saving programs, and purchasing additional power when needed.

The company's preparation involves maintaining power generating assets, real-time analysis, and grid strengthening. While Duke Energy has voluntary programs for residential and business customers to reduce energy consumption in exchange for incentives, it hasn't requested voluntary reductions this week.

To help customers manage energy costs during cold weather, Duke Energy recommends several efficiency measures, including: reducing thermostat settings, setting water heaters to 120 degrees or less, utilizing natural sunlight for warming, operating ceiling fans clockwise, and properly insulating windows. The company serves 8.4 million electric customers across six states and is pursuing a clean energy transition with goals of net-zero methane emissions by 2030 and net-zero carbon emissions by 2050.

Duke Energy (NYSE: DUK) is preparing for sustained freezing temperatures in the Carolinas and potential snow, while providing customers with energy-saving tips to manage higher winter bills. The company emphasizes that cold temperatures significantly increase energy demand and costs as households maintain warmth.

Key energy-saving recommendations include: reducing thermostat settings by 7-10 degrees to save up to 10% annually on heating costs, setting water heaters to 120 degrees or less, utilizing natural sunlight for warming, and proper maintenance of heating systems. Duke Energy offers personalized usage alerts through their app to help customers monitor consumption and costs.

The company has resources ready to respond to potential power outages due to winter weather conditions. They serve 8.4 million electric customers across six states and are implementing an ambitious clean energy transition targeting net-zero carbon emissions from electricity generation by 2050.

Duke Energy (DUK) is preparing for sustained freezing temperatures across the Carolinas, with temperatures expected to drop to single digits in some areas. The company has shared several energy-saving tips to help customers manage costs during this cold spell.

Key recommendations include: reducing thermostat settings to the lowest comfortable level, maintaining heating systems, utilizing natural sunlight through windows during the day, operating ceiling fans clockwise, sealing air leaks, using LED bulbs, and setting water heaters to 120 degrees or less. These measures could save 10-20% in heating costs.

The company has also highlighted its smart meter features and usage alerts system, which allows customers to monitor their energy consumption and receive notifications about potential cost impacts. Duke Energy serves 8.4 million electric customers and 1.7 million natural gas customers across multiple states, with a commitment to achieving net-zero emissions goals by 2030 for natural gas and 2050 for electricity generation.

Duke Energy (DUK) has announced its participation in a multi-joint public-private application for the Department of Energy's U.S. Gen III+ small modular reactor (SMR) technology grant, led by Tennessee Valley Authority (TVA). The initiative aims to advance standard technology design and licensing while reducing costs and risks.

The company has also entered into an agreement with GE Hitachi to invest in activities advancing the standard design and licensing of their BWRX-300 SMR technology. This collaboration, combined with the potential U.S. SMR coalition participation, will facilitate knowledge exchange with TVA and other partners.

The strategy aligns with Duke Energy's long-term 'all of the above' generation approach and supports their clean energy transition goals, including achieving net-zero methane emissions from natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050.

Duke Energy (DUK) is preparing for extreme cold temperatures expected next week across the Carolinas, with forecasts predicting temperatures as low as single digits in some areas. The company has shared several energy-saving recommendations to help customers manage their energy consumption and costs during the cold snap.

The company provided various cost-effective energy efficiency tips including: adjusting thermostats to the lowest comfortable setting, maintaining heating systems, utilizing natural sunlight through windows, operating ceiling fans clockwise, sealing air leaks, using LED bulbs, and setting water heaters to 120 degrees or less. These measures could help customers save between 10% to 20% on heating costs.

Duke Energy serves 8.4 million electric customers across six states and 1.7 million natural gas customers across five states. The company is 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.