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 Florida has rapidly restored power to 90% of customers within 24 hours after Hurricane Debby's landfall in the Big Bend. The company expects to restore 95% of customers in Citrus, Hernando, Lake, Levy, Marion, and Sumter counties by 11:59 p.m. Tuesday. For the hardest-hit areas, including Alachua, Columbia, Dixie, Gilchrist, Hamilton, Jefferson, Lafayette, Madison, Suwannee, Taylor, and Wakulla counties, the estimated restoration time is 11:59 p.m. Wednesday. Duke Energy is working with neighboring utilities to coordinate restoration efforts. Customers with flood damage or meter box issues may need to consult licensed electricians before power can be reconnected. The company emphasizes safety around downed power lines and proper generator use during outages.
The U.S. Department of Energy has awarded Duke Energy (NYSE: DUK) a $57 million cost-share grant 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 enhance grid reliability for an estimated 14,000 customers and support growing electricity demand in eastern North Carolina.
Key benefits include:
- Improved resilience against extreme weather
- Enhanced clean energy integration
- Creation of approximately 550 new jobs
- Partnerships with HBCUs and community colleges for workforce development
Piedmont Natural Gas, a subsidiary of Duke Energy (NYSE: DUK), is urging customers to prepare for potential flooding and severe weather as Tropical Storm Debby approaches North Carolina. The company emphasizes safety measures for customers whose natural gas equipment or appliances may be damaged or flooded. Key points include:
1. Piedmont crews will inspect meters in flooded areas and remove submerged ones.
2. Customers should not attempt to disconnect or work on gas meters or relight appliances.
3. The company provides a safety webpage at piedmontng.com/severe-weather with comprehensive information.
4. Customers are advised to call Piedmont at 800.752.7504 if they suspect damage or smell gas.
Piedmont Natural Gas serves over 1.2 million customers across North Carolina, South Carolina, and Tennessee, and recently ranked No. 1 in customer satisfaction for residential natural gas service in the South among large utilities.
Duke Energy Foundation has awarded $180,000 in microgrants to 13 organizations in Florida to support hurricane preparedness efforts. This includes $25,000 to the Area Agency on Aging of Pasco-Pinellas for distributing hurricane kits to older adults. The kits contain essential items like flashlights, batteries, and first-aid supplies.
Duke Energy's commitment to community resilience extends beyond Florida. The Foundation has distributed $500,000 in grants to South Carolina nonprofits and government agencies for disaster preparedness. Additionally, $700,000 in natural disaster preparedness grants is available in North Carolina, focusing on improving outcomes for low-income communities.
Since 2019, Duke Energy Foundation has awarded over $1.7 million to support Florida's disaster preparedness. The company encourages customers to prepare for the 2024 storm season using safety tips and the free Red Cross Emergency app.
Duke Energy (NYSE: DUK) has released its second-quarter 2024 financial results. The company will host an investor presentation on August 6, 2024, at 10 a.m. ET to discuss the results and provide business updates. Interested parties can access the call via Duke Energy's website or by dialing in. A recording will be available on August 7.
Duke Energy, a Fortune 150 company, serves 8.4 million electric customers and 1.7 million natural gas customers across multiple states. The company is pursuing 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 is investing in grid upgrades and cleaner generation technologies, including energy storage, renewables, natural gas, and nuclear.
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.
