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) generates a steady stream of news as a Fortune 150 energy holding company with major regulated electric and natural gas utilities. This page aggregates coverage of Duke Energy’s announcements, allowing readers to follow developments affecting its multi-state operations in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, as well as its natural gas utilities in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.
News about Duke Energy frequently highlights investments in electric grid upgrades, cleaner generation and customer affordability. Recent company communications describe targeted infrastructure projects in Florida that expand solar capacity, upgrade natural gas power plants, harden the grid against storms and deploy self-healing technology, with reported savings of more than $1 billion in energy costs for customers. Other updates detail changes to storm cost recovery charges and bill impacts in response to hurricanes and regulatory decisions in the Carolinas and Florida.
Investors and observers can also track Duke Energy’s progress on the energy transition through news on nuclear and advanced technologies. Examples include the DeBary Hydrogen Production Storage System in Florida, capable of producing, storing and using green hydrogen, and large battery energy storage systems at former coal plant sites in the Carolinas. Regulatory and financial news items cover rate cases, performance-based regulation proposals, production tax credit mechanisms, and scheduled earnings releases and conference calls.
Community and philanthropic initiatives are another recurring news theme, such as America250 grants from the Duke Energy Foundation and employee-driven community investments. By following Duke Energy news, readers can monitor operational decisions, regulatory outcomes, infrastructure projects, customer programs and community support efforts that shape the company’s role in the U.S. utilities sector.
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.
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.
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