Welcome to our dedicated page for Duke Energy news (Ticker: DUK), a resource for investors and traders seeking the latest updates and insights on Duke Energy stock.
Duke Energy Corporation (NYSE: DUK), a leading U.S. energy provider, maintains this comprehensive news resource for stakeholders seeking official updates and strategic developments. Our curated collection features timely press releases, regulatory filings, and operational announcements directly from Duke Energy and verified sources.
Investors and industry professionals will find essential updates including quarterly earnings reports, infrastructure investment plans, renewable energy initiatives, and regulatory compliance matters. The repository serves as a reliable reference for tracking the company's progress in grid modernization, natural gas distribution improvements, and clean energy transitions.
All content is organized to facilitate quick access to critical information about service territory expansions, rate case decisions, and sustainability commitments. Bookmark this page for streamlined monitoring of Duke Energy's operational milestones and strategic positioning within the evolving utilities sector.
Duke Energy's Natural Resources Group is leading initiatives to protect land, water, and habitats while maintaining utility infrastructure. The company's efforts include:
- Planting milkweed to support pollinators
- Preserving habitats in transmission and distribution rights of way
- Safely relocating bird nests from utility infrastructure
- Sponsoring the Island Habitat Program
- Supporting the Catawba-Wateree Habitat Enhancement Program
- Participating in a voluntary conservation agreement to save monarch butterflies
- Working with the U.S. Fish and Wildlife Service to protect bat species
These initiatives demonstrate Duke Energy's commitment to environmental stewardship beyond regulatory compliance, aiming to create a better future for communities and ecosystems.
Duke Energy Carolinas (DUK) announced a 3.6% decrease in electric rates for North Carolina customers starting January 1, 2025. This adjustment follows the North Carolina Utilities Commission's annual fuel cost review. A typical residential customer using 1,000 kWh per month will see their bill drop by $5.17, from $142.17 to $137, which is 23% below the national average. Commercial customers will experience an average 7.4% decrease, while industrial customers will see a slight decrease of less than 1%.
The rate reduction is primarily due to falling fuel prices, resulting in an 8.8% decrease. This is partially offset by increases in energy efficiency programs (0.8%) and base rates (2.9%). Duke Energy Carolinas serves about 2.2 million households and businesses in central and western North Carolina, including Charlotte, Durham, and the Triad.
Duke Energy Florida (NYSE: DUK) and Tampa Electric have joined forces with state and local agencies to plant nearly 700 mangroves at two shorelines in Hillsborough and Pinellas counties. This collaborative environmental restoration project aims to protect Tampa Bay's ecosystems and increase regional resilience. Over 40 volunteers, employees, and experts from various organizations participated in planting red and black mangroves at EG Simmons Regional Park and Keystone/Carlton Road.
The initiative highlights the importance of mangrove ecosystems in reducing coastal erosion, improving water quality, and providing habitat for wildlife. The mangroves were supplied by CCA Florida and the Duke Energy Crystal River Mariculture Center, which has released nearly 5 million fish and crustaceans along Florida's coasts and donated approximately $200,000 worth of aquatic vegetation for habitat restoration projects.
Duke Energy (NYSE: DUK) has released energy-saving tips for customers in Ohio and Kentucky as temperatures rise, potentially leading to higher energy usage and bills. The company recommends:
- Setting thermostats at the highest comfortable setting
- Avoiding use of washers, dryers, and dishwashers during peak hours
- Closing blinds and curtains to reduce solar heat gain
- Using microwaves, cooktops, or outdoor grills instead of electric ovens
- Utilizing ceiling fans efficiently
- Turning off unnecessary appliances and lights
Duke Energy Ohio/Kentucky serves 910,000 electric and 560,000 natural gas customers. The parent company, Duke Energy, 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 U.S. Department of Energy has awarded Duke Energy (NYSE:DUK) $57 million in cost-share funding for the North Carolina Innovative Transmission Rebuild project. This initiative aims to reconstruct the 230-kV Lee-Milburnie transmission line, spanning 40 miles across Wake, Johnston, and Wayne counties. The project will improve reliability for an estimated 14,000 customers, enhance grid resilience against extreme weather, and facilitate the connection of more clean energy sources.
Key benefits include:
- Reduced outages and improved power system resilience
- Creation of approximately 550 new jobs
- Partnerships with HBCUs and community colleges for workforce development
- Support for Duke Energy's clean energy transition goals
The funding is part of the Grid Resilience and Innovation Partnerships (GRIP) program, funded through the Bipartisan Infrastructure Law.
Duke Energy is offering over $4.6 million in energy bill assistance to help North Carolina families facing financial hardship. The company's Share the Light Fund® has supported more than 11,000 North Carolina households over the last year. Duke Energy works with over 100 agencies across North Carolina to distribute funds to qualifying customers for energy bills, deposits, and reconnection charges.
Additionally, Duke Energy provides $80,000 annually for North Carolina's Operation Fan Heat Relief, offering free fans to vulnerable older adults and adults with disabilities. The company also offers various energy-saving programs and tools, including Usage Alerts, free Home Energy House Calls, Budget Billing, and installment payment plans.
Duke Energy Florida's multiyear rate agreement has been approved by the Florida Public Service Commission. Key points include:
- Estimated 5% savings on typical residential electric bills in 2025
- Average annual 2% bill increase over three years
- Continued investments in outage reduction, response times, and clean energy
- Expiration of 2022 fuel under-recovery, storm restoration costs, and legacy contracts by end of 2024
The agreement allows Duke Energy Florida to advance its clean energy vision while passing savings to customers. The company serves 2 million customers in Florida and owns 12,300 megawatts of energy capacity.
Duke Energy (NYSE: DUK) has expanded its Home Energy House Call program in North Carolina, introducing new virtual, phone, and web assessment options. This initiative aims to help customers identify ways to save energy and money through improved home efficiency. The program now includes renters of single-family homes and owners/renters of condos, townhomes, and manufactured homes.
Customers receive a free energy efficiency kit, customized usage report, and expert recommendations. The assessments analyze total home energy usage and appliance efficiency. Duke Energy serves 8.4 million electric customers across six states and is committed to a clean energy transition, targeting net-zero methane emissions by 2030 and net-zero carbon emissions by 2050.
Duke Energy Florida (NYSE: DUK) has broken ground on its new Wildwood Training Center in Sumter County, Florida. This state-of-the-art facility will support the training of transmission craft and technical workers responsible for maintaining and upgrading critical power grid infrastructure. The center, set to be completed in 2025, will feature indoor classrooms, equipment training spaces, and an outdoor training area with a substation.
The facility aims to enhance the skills of workers who play a vital role in modernizing and strengthening Duke Energy's system, improving storm protection, grid reliability, and integrating renewable energy. This investment aligns with Duke Energy's ambitious clean energy transition goals, including achieving 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 has announced $700,000 in new funding for North Carolina small businesses through its grant program. Partnering with 20 community organizations, grants ranging from $1,000 to $5,000 will be distributed to support retail shops, restaurants, and other small businesses looking to expand, upgrade technology, and improve downtown storefronts. Now in its fourth year, the program has provided over $2 million in funding since its inception during the COVID-19 pandemic. The initiative aims to revitalize Main Streets across the state and support economic development efforts. Small businesses interested in applying for funding are encouraged to inquire with their local nonprofit administering the program.
