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.
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.
Duke Energy has been awarded the Edison Electric Institute (EEI) Emergency Response Award for its efforts during Hurricane Idalia. The award recognizes electric companies' recovery and assistance efforts following severe weather events. Hurricane Idalia, a Category 3 storm, impacted nearly 200,000 Duke Energy Florida customers on Aug. 30, 2023. Duke Energy's response included:
- Strategic placement of over 4,000 workers before the storm
- Restoration of power to >90% of affected customers within 24 hours
- Advanced forecasting and damage modeling
- Close coordination with emergency teams and other utilities
Scott Batson, Duke Energy's chief power grid officer, and Melissa Seixas, Duke Energy Florida state president, expressed pride in the company's response and collaboration efforts.
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. Participants can choose between a residential solar choice rider (RSC) or a net metering bridge rider (NMB), with NMB customers receiving additional monthly bill credits for allowing Duke Energy to adjust their battery settings periodically.
The program aims to make home solar plus battery systems more affordable and help manage low carbon grids. Duke Energy is exploring ways to enhance the pilot for customers unable to purchase systems upfront, potentially focusing on income-qualified customers, those dependent on medical devices, or non-residential customers. The company ranks fourth nationally in overall solar power, with about 45,000 customers generating 350 megawatts through solar panels.
The Duke Energy Foundation has awarded $180,000 in emergency preparedness and resiliency grants to 13 organizations in Florida. This funding aims to equip Floridians and first responders with essential information and supplies for storm season and emergency events. The grants will support various initiatives, including storm kits for seniors, community education, and special equipment for first responders.
Duke Energy Florida state president Melissa Seixas emphasized the importance of year-round community resilience and preparedness. Since 2019, the Duke Energy Foundation has contributed over $1.7 million to support Florida's disaster preparedness. The company also encourages personal preparedness and offers tips on its website. Additionally, Duke Energy will donate $1 to the Red Cross for every Emergency app download through June 30, up to $20,000.
Duke Energy's (NYSE:DUK) Green Source Advantage (GSA) program has secured a significant participant: the U.S. Department of Defense (DOD). This partnership will provide renewable energy to five major military installations across North and South Carolina. The program will deliver an estimated 135 megawatts and 4.8 million megawatt-hours of renewable energy over 15 years from two new solar facilities in South Carolina, set to be operational by Q4 2026.
This initiative aligns with Executive Order 14057, aiming for 100% carbon-free electricity for federal agencies by 2030. Duke Energy, leading the largest clean energy transformation in the U.S., currently operates over 5,100 MW of solar power in the Carolinas. The company is committed to achieving net-zero carbon emissions from electricity generation by 2050.
Duke Energy Florida has reached a comprehensive agreement with consumer groups to increase reliability and advance clean energy in Florida. The agreement, subject to approval by the Florida Public Service Commission, includes base rate increases but is expected to result in an overall decrease in customer bills by January 2025. Key points include:
- Average annual 2% bill increase over three years
- Building 12 new solar plants (900 MW) between 2025-2027
- Grid modernization for improved reliability
- Support for vulnerable customers during extreme weather
- Projected 5% decrease in typical residential bills by January 2025
The agreement aims to balance investments in clean energy and grid improvements with customer affordability and support.
