Fortune recognizes Duke Energy as one of the World's Most Admired Companies

Rhea-AI Summary

Duke Energy (NYSE: DUK) has been named one of Fortune magazine's World's Most Admired Companies for 2025, marking its eighth consecutive year on the list. The company ranked among the top four gas and electric utilities for the fourth straight year.

Key achievements in 2024 include:

• Smart technology helped avoid 2.3 million customer outages, saving 11 million hours of outage time
• Currently serving 60% of customers with self-healing technology, aiming for 80% coverage
• Invested over $22 million since 2019 in disaster preparedness and response
• Projecting 1.5% to 2% annual load growth through 2028

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

CHARLOTTE, N.C., Jan. 30, 2025 /PRNewswire/ -- Duke Energy (NYSE: DUK) has been recognized by Fortune magazine as one of the World's Most Admired Companies for 2025. This is the eighth consecutive year the company has made the list, ranking as one of the top four gas and electric utilities for the fourth year in a row.

"Delivering safe, reliable and affordable energy to our customers and communities is at the core of everything we do," said Lynn Good, Duke Energy's chair and CEO. "Being recognized by our industry peers, directors and analysts in Fortune's list of World's Most Admired Companies is a testament to the dedication and hard work of our employees who drive innovation and power the communities we serve every day."

To determine the industry rankings, executives, directors and industry analysts are independently surveyed and companies are rated on nine attributes: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, quality of products/services, and global competitiveness.

Recent company performance highlights:

Prioritizing grid reliability – In 2024, smart, self-healing technology helped to avoid more than 2.3 million customer outages across Duke Energy's six-state service area, saving around 11 million hours of total outage time. More than 75% of those benefits were achieved during major storms. Around 60% of Duke Energy customers are served by self-healing and automated power restoration technology, with a goal of serving 80% or more over the next few years. 

Supporting our communities – Duke Energy and its foundation marked the milestone of investing more than $22 million since 2019 to support nonprofits and local organizations on the front lines of disaster preparedness and response. The support centered on strengthening community resilience and safety with Duke Energy Foundation grants focused on delivering immediate relief in times of crisis and equipping first responders with advanced tools, customized training and life-saving equipment to boost readiness.

Preparing for the future – We experienced robust economic development growth in our service territories across a diverse set of industries, including batteries, semiconductors, pharmaceuticals, data centers and more, which will lead to meaningful load growth and economic benefits for the communities we serve.  Through 2028, we are projecting average overall load growth of 1.5% to 2% per year.

Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 megawatts of energy capacity. Its natural gas unit serves 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.

Duke Energy is executing an ambitious clean energy transition, keeping reliability, affordability and accessibility at the forefront as the company works toward net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company is investing in major electric grid upgrades and cleaner generation, including expanded energy storage, renewables, natural gas and advanced nuclear.

More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on X, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition.

Contact: Cedric Page
24-Hour: 800.559.3853

 

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SOURCE Duke Energy

FAQ

What recognition did Duke Energy (DUK) receive from Fortune magazine in 2025?

Duke Energy was recognized as one of Fortune's World's Most Admired Companies in 2025, marking its eighth consecutive year on the list and ranking among the top four gas and electric utilities for the fourth consecutive year.

How many customer outages did Duke Energy's (DUK) smart technology prevent in 2024?

In 2024, Duke Energy's smart, self-healing technology helped avoid more than 2.3 million customer outages, saving approximately 11 million hours of total outage time.

What are Duke Energy's (DUK) clean energy transition goals?

Duke Energy aims to achieve net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050.

How much has Duke Energy (DUK) invested in disaster preparedness since 2019?

Duke Energy and its foundation have invested more than $22 million since 2019 to support nonprofits and local organizations focused on disaster preparedness and response.

What is Duke Energy's (DUK) projected load growth through 2028?

Duke Energy is projecting average overall load growth of 1.5% to 2% per year through 2028.

What percentage of Duke Energy (DUK) customers currently have access to self-healing technology?

Currently, 60% of Duke Energy customers are served by self-healing and automated power restoration technology, with a goal to reach 80% or more over the next few years.