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Duke Energy Corporation - DUK STOCK NEWS

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.

News

Duke Energy Florida reduces customer bills starting January 2024

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Duke Energy Florida (DUK) receives approval from the Florida Public Service Commission to lower customer rates, resulting in a $11.29 decrease for residential customers using 1,000 kWh in January 2024.
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Duke Energy names Cameron McDonald chief human resources officer, succeeding Ron Reising

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Duke Energy (NYSE: DUK) announced Cameron McDonald as the new senior vice president and chief human resources officer, succeeding Ron Reising, who will retire after an 18-year career. McDonald will oversee HR policy, talent development, diversity, and inclusion. Duke Energy is executing an aggressive clean energy transition with goals of net-zero methane emissions by 2030 and net-zero carbon emissions by 2050.
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Their Native American Heritage Ties This Line Crew Together

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Duke Energy (DUK) is forming a strong lineworker operations team in Robeson County, NC, with 12 members of the Lumbee Tribe contributing to the community. The tribe's unique dialect and deep roots in the area make them easily recognizable. The company is proud to provide opportunities for the Lumbee people to give back to their hometown.
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Duke Energy Offers Customers a New Way To Help Plant Trees

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Duke Energy (DUK) launches Renewable Advantage program, offering to plant a tree for every residential customer who signs up. The program supports renewable energy generation and allows customers to reduce their environmental impact related to electric usage. The company has already planted trees for the first 1,000 customers who subscribed between Nov. 15 and Dec. 15. Duke Energy's commitment to carbon-free generation and renewable energy plays a crucial role in reducing carbon emissions and meeting the growing energy needs in the Carolinas. The Renewable Advantage program supports wind, solar, and biomass generation verified and certified by Green-e® Energy, with each $4 purchase supporting the generation of 250 kilowatt-hour (kWh) blocks of electricity from renewable energy resources.
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In time for the holidays, Duke Energy's Share the Light Fund offers bill assistance to Florida customers facing financial hardships

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Duke Energy (DUK) Allocates $100,000 for Florida Customers to Pay Energy Bills This Holiday Season
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Duke Energy Offers More Than $425,000 in Energy Bill Assistance To Help Hoosier Families Facing Financial Hardship

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Duke Energy Indiana (DUK) is making over $425,000 in financial aid available to eligible customers through the Share the Light Fund® to help lower energy costs for low-income families this winter. Over the last year, Duke Energy has supported more than 2,500 Indiana households with over $300,000 in energy bill assistance. Eligible customers can receive up to a $300 credit annually on their account. The company works in partnership with the Indiana Community Action Association to distribute funds to qualifying customers to pay energy bills, deposits, and reconnection/connection charges.
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J.D. Power Ranks Piedmont Natural Gas No. 1 for Residential Customer Satisfaction Among Large Gas Utilities in South Region

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Piedmont Natural Gas (DUK) has earned the No. 1 spot in customer satisfaction with residential natural gas service in the South among large utilities for the second year in a row, according to the J.D. Power 2023 Gas Utility Residential Customer Satisfaction Study. The company's efforts to understand and address the needs of customers earned top rankings in the study factors, including billing and payment, corporate citizenship, communications, customer care, and safety and reliability. The study is based on responses from 60,958 online interviews conducted from January 2023 through October 2023 among residential customers of the 85 largest gas utility brands across the United States, which represent more than 64.6 million households. Piedmont Natural Gas, a subsidiary of Duke Energy, distributes natural gas to more than 1.1 million residential, commercial, industrial, and power generation customers in North Carolina, South Carolina, and Tennessee.
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Duke Energy celebrates Giving Tuesday with nearly $240,000 in 'surcee' contributions to help fight hunger in South Carolina

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Duke Energy (DUK) donates nearly $240,000 in surprise microgrants and contributions to more than 60 feeding programs in South Carolina, supporting organizations like Mill Village Farms, FoodShare South Carolina, Harvest Hope Food Bank, and AIM. Employees and retirees also volunteered with these organizations. The Duke Energy Foundation provides over $30 million annually in philanthropic support to communities. The company is executing an aggressive clean energy transition to achieve net-zero methane emissions by 2030 and net-zero carbon emissions by 2050.
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Duke Energy Foundation Provides More Than $56,000 in Grants To Support Florida Veterans

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Duke Energy (DUK) and its Foundation have contributed over $56,000 to support organizations in Florida dedicated to honoring veterans and providing unique services and programs. Since last year, Duke Energy has invested more than $290,000 in support for veterans. The funding will provide career pathways, housing repairs, and other services for veterans and their loved ones. The company also has an employee veteran resource group, Together We Stand (TWS), which actively participates in local events to support veterans in Florida.
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After the Army, She Followed Her Dream, Charted a New Career

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Duke Energy (DUK) Supports Smart Grid Efforts with U.S. Army Veteran Marsha Smith, Focusing on Reliability and Efficiency
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FAQ

What is the current stock price of Duke Energy Corporation (DUK)?

The current stock price of Duke Energy Corporation (DUK) is $105.87 as of January 10, 2025.

What is the market cap of Duke Energy Corporation (DUK)?

The market cap of Duke Energy Corporation (DUK) is approximately 81.8B.

What services does Duke Energy provide?

Duke Energy provides electric and gas utilities, serving approximately 8.4 million electric customers and 1.7 million gas customers across multiple states.

What is Duke Energy's clean energy goal?

Duke Energy aims to achieve net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050.

What is the PowerPairSM program?

PowerPairSM is an incentive-based pilot program in North Carolina that offers up to $9,000 for residential customers to install home solar and battery systems.

What recent strategic initiatives has Duke Energy undertaken?

Recent initiatives include the PowerPairSM program, the sale of its stake in Pioneer Transmission LLC, and partnerships with Amazon, Google, Microsoft, and Nucor for clean energy projects.

Where is Duke Energy headquartered?

Duke Energy is headquartered in Charlotte, North Carolina.

How many customers does Duke Energy serve?

Duke Energy serves approximately 8.4 million electric customers and 1.7 million gas customers.

What is the company's approach to grid decarbonization?

Duke Energy's approach includes investing in renewable energy, energy storage, advanced nuclear technologies, and implementing innovative programs like Accelerating Clean Energy (ACE) tariffs.

What community initiatives does Duke Energy support?

Duke Energy supports local communities through substantial tax contributions, charitable donations via the Duke Energy Foundation, and employee-engaged community service.

What are the benefits of the Accelerating Clean Energy (ACE) tariffs?

ACE tariffs allow large companies to support carbon-free energy investments through innovative financing, contributing to lower costs of emerging clean energy technologies.

How does Duke Energy contribute to local economic development?

Duke Energy contributes to local economies through tax contributions, job creation, local investments, and support for charitable and community causes.
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Duke Energy Corporation

NYSE:DUK

DUK Rankings

#157 Ranked by Market Cap
#823 Ranked by Dividends

DUK Stock Data

81.78B
771.31M
0.14%
67.36%
1.18%
Utilities - Regulated Electric
Electric & Other Services Combined
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