Welcome to our dedicated page for Duke Energy Corporation news (Ticker: DUK), a resource for investors and traders seeking the latest updates and insights on Duke Energy Corporation stock.
Duke Energy Corporation (NYSE: DUK) is one of the largest energy holding companies in the United States, headquartered in Charlotte, N.C. The company operates across three main business segments: electric utilities and infrastructure, gas utilities and infrastructure, and commercial renewables. With electric utilities serving approximately 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky, Duke Energy owns a diverse energy portfolio with a capacity of 54,800 megawatts. The gas utilities division provides natural gas to around 1.7 million customers in the Carolinas, Ohio, Kentucky, and Tennessee.
Duke Energy is at the forefront of the transition to clean energy. The company has committed to achieving net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. This goal is supported by ongoing investments in electric grid upgrades, energy storage, renewable energy sources, natural gas, and advanced nuclear technologies.
The company's commercial renewables segment develops and operates renewable energy projects across the United States, contributing to a growing portfolio that supports a sustainable energy future. Duke Energy’s initiatives include the implementation of innovative programs like PowerPair, which incentivizes residential customers in North Carolina to install home solar and battery systems, enhancing the reliability and affordability of clean energy solutions.
Recent milestones for Duke Energy include the approval of the PowerPairSM incentive-based pilot program, expansion of demand response programs in North Carolina, and strategic divestitures such as selling its 50% stake in Pioneer Transmission LLC. These actions reflect the company's strategy to optimize its asset portfolio and reinvest in its clean energy objectives.
Duke Energy also fosters strategic partnerships to enhance its clean energy transition. Collaborations with major companies like Amazon, Google, Microsoft, and Nucor aim to explore new approaches for carbon-free energy generation and innovative financing structures through programs like the Accelerating Clean Energy (ACE) tariffs. These partnerships are designed to support large businesses in achieving their sustainability goals while contributing to overall grid decarbonization.
Beyond its business operations, Duke Energy is a key economic contributor to the communities it serves. The company's commitment includes substantial tax contributions, local investments, and support for charitable causes through the Duke Energy Foundation. Employees are actively engaged in community service, further reinforcing the company’s integral role in local development and social responsibility.
With a strong dedication to innovation, sustainability, and community engagement, Duke Energy continues to lead the energy sector towards a cleaner, more reliable, and sustainable future.
Duke Energy Carolinas is preparing for Tropical Storm Debby expected to hit the Carolinas mid to late week. The company is positioning over 6,100 skilled workers to respond to potential widespread outages caused by heavy rain and strong winds. Duke Energy (NYSE: DUK) encourages customers to:
- Create or update emergency supply kits
- Keep portable radios or TVs for weather updates
- Charge electronic devices in advance
- Plan for alternative locations if evacuation is needed
- Update contact information for proactive updates
- Download the American Red Cross Emergency app
Duke Energy Carolinas serves 2.9 million customers across a 24,000-square-mile area in North and South Carolina. The parent company, Duke Energy, is executing an ambitious clean energy transition, aiming for net-zero methane emissions by 2030 and net-zero carbon emissions by 2050.
Duke Energy (NYSE: DUK) has begun power restoration efforts following Hurricane Debby in Florida. As of noon, over 97,800 customers were without power, while nearly 171,000 have been restored. The company aims to restore 95% of customers in Pinellas and Pasco counties by 11:59 p.m. Monday. Duke Energy has deployed 3,000 workers for the restoration process, working as weather conditions allow.
Customers are advised to stay safe, avoid downed power lines, and follow proper generator usage guidelines. The company is providing updates through various channels, including its mobile app and outage map. Duke Energy Florida serves 2 million customers across a 13,000-square-mile service area in Florida.
Duke Energy Florida is urging customers to take precautions as Tropical Storm Debby approaches Florida, potentially causing power outages due to high winds and heavy rainfall. The company emphasizes safety as its top priority and advises customers to:
1. Follow emergency management officials' instructions
2. Avoid floodwaters and downed power lines
3. Turn off power if flooding threatens
4. Use generators safely
5. Report outages via text, online, or phone
Duke Energy crews are prepared to restore power as soon as conditions allow. The company provides various ways for customers to stay informed about restoration efforts, including text alerts, mobile apps, and online resources.
Duke Energy Florida is mobilizing over 3,000 resources to respond to potential power outages caused by an approaching storm. The company is bringing in crews from its Midwest operations to assist with repairs and restoration. Duke Energy advises customers to:
1. Prepare emergency supplies
2. Consider alternate shelter arrangements
3. Update contact information
4. Sign up for Outage Alerts
5. Stay away from fallen power lines
6. Use generators safely
Duke Energy Florida serves 2 million customers across a 13,000-square-mile area in Florida. The parent company, Duke Energy (NYSE: DUK), is executing 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 preparing for potential tropical storm-like weather expected this weekend and early next week. The company is monitoring conditions that could lead to heavy rain, strong winds, flooding, and widespread outages. Duke Energy's storm director, Todd Fountain, emphasized their readiness to respond quickly and safely to any disruptions.
The company provided safety and preparedness tips for customers, including:
- Preparing for extended outages
- Signing up for Outage Alerts
- Understanding power restoration processes
- Staying away from fallen power lines
Duke Energy Florida serves 2 million customers across a 13,000-square-mile area in Florida. The parent company, Duke Energy (NYSE: DUK), is executing an ambitious 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.
The Duke Energy Foundation celebrates its 40th anniversary, marking four decades of philanthropic impact. Since 1984, the Foundation has granted over $500 million to more than 20,000 charitable organizations, focusing on building vibrant economies, boosting climate resiliency, and fostering justice, equity, and inclusion.
To commemorate this milestone, the Foundation surprised 24 long-standing partners with $240,000 in grants. Looking ahead, the Foundation remains committed to its mission, with a five-year plan to invest $150 million aligned with Duke Energy's net-zero business strategy. The Foundation provides more than $30 million annually in philanthropic support across its service areas in North Carolina, South Carolina, Florida, Indiana, Ohio, Kentucky, and Tennessee.
Duke Energy's PowerPair pilot program in North Carolina has enrolled over 1,300 customers since its launch in May 2024. The program offers up to $9,000 in incentives for residential customers installing new solar plus battery systems. Approved by the North Carolina Utilities Commission, PowerPair aims to make home solar and battery storage more affordable. Customers can choose between two enrollment options: a residential solar choice rider (RSC) or a net metering bridge rider (NMB). The latter option provides additional monthly bill credits for allowing Duke Energy to periodically adjust battery settings. With remaining capacity, Duke Energy is now exploring ways to enhance the pilot for customers who may not be able to purchase systems upfront, potentially focusing on income-qualified customers or those dependent on medical devices.
Duke Energy Carolinas (DUK) has proposed a reduction in customer bills to account for lower fuel costs used in electricity generation. If approved by the Public Service Commission of South Carolina:
- Average monthly residential bills would decrease by 13.8% or $19.60
- Commercial customer rates would decrease by 13.8%
- Industrial customer rates would decrease by 16.2%
The decrease, effective November, would significantly offset a previously announced base rate increase. This reduction is primarily due to decreased natural gas costs and a reduced true-up component. Duke Energy makes no profit from the fuel component of rates. The company also offers various assistance programs and energy-saving tips for customers struggling with bills.
Duke Energy (NYSE:DUK) hosted nearly 50 Johnson C. Smith University students at its Charlotte headquarters for a career planning session. Employees from finance, marketing, and IT shared their professional journeys and experiences in the utility industry. Students inquired about work-life balance, renewable energy, and workforce preparation. Duke Energy intern Kwesi Kyei-Fordjour highlighted the rewarding aspect of contributing meaningfully to the company's mission.
Duke Energy, a Fortune 150 company, serves 8.2 million electric customers and 1.6 million natural gas customers across multiple states. The company is executing an ambitious 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 has been recognized on Fortune's 'World's Most Admired Companies' list and Forbes' 'World's Best Employers' list.
Duke Energy Florida (NYSE: DUK) is promoting energy efficiency through easy do-it-yourself projects to help customers manage energy use during peak summer heat. The company has lowered rates twice in 2024, resulting in residential customers paying about $17 less per 1,000 kWh compared to last year. Duke Energy offers step-by-step instructions for various projects, including:
- Installing switch and outlet seals
- Applying weatherstripping to doors
- Caulking around windows and doors
- Replacing showerheads with low-flow models
- Installing faucet aerators
Customers can also track their energy usage through the Duke Energy website or app. The company aims to empower customers with knowledge and tools to control their energy efficiency and reduce monthly bills.
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