Duke Energy Corporation reports developments tied to one of the largest regulated utility platforms in the United States. The company operates electric utilities serving customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and natural gas utilities in North Carolina, South Carolina, Ohio and Kentucky.
Recurring news themes include quarterly financial results, common and preferred stock dividends, electric grid modernization, generation investments, customer cost initiatives, and regulatory approvals affecting power plants and utility service. Company updates also cover nuclear generation, natural gas and other resource additions, federal and state regulatory matters, and Duke Energy Foundation community programs in the utility territories it serves.
Duke Energy (NYSE: DUK) reports that crews have restored nearly 222,653 customer outages across Greater Cincinnati as of 4 p.m. Thursday, following major storms that caused more than 261,000 outages on Tuesday and Wednesday. Current outages total 38,861, with 32,485 in Ohio and 6,376 in Kentucky, meaning about 85% of affected customers have been restored.
The company expects nearly all remaining Duke Energy Ohio/Kentucky customers who can safely receive service to be restored on Thursday and directs all impacted customers to its online Outage Map for estimated restoration times. More than 2,000 lineworkers, tree trimmers and storm workers, including personnel from Indiana and the Carolinas, are engaged in the response. The Duke Energy Foundation has also committed $100,000 in grants to organizations providing food, shelter and recovery assistance in the region.
Duke Energy (NYSE: DUK), through the Duke Energy Foundation, is providing $500,000 in grants to North Carolina organizations that support small businesses. The funding consists of $25,000 awards to 20 nonprofits that will deliver microgrants and business assistance to hundreds of local entrepreneurs statewide.
According to Duke Energy, funded projects will address local needs such as downtown revitalization, storefront improvements, investments in equipment, technology and e-commerce, and mentorship, technical assistance and business training. The company notes this continues its North Carolina small business support, totaling over $3 million since 2020.
Duke Energy (NYSE: DUK), through the Duke Energy Foundation, announced emergency grants to support recovery from recent severe storms in Ohio and Kentucky that caused widespread damage and power outages for more than 180,000 customers at peak.
The Foundation is providing $75,000 to Freestore Foodbank for food, water and essentials, $15,000 to the American Red Cross for shelters and disaster recovery, and $10,000 to Matthew 25: Ministries for relief supplies and cleaning products. The company said these rapid-response grants complement ongoing power restoration efforts by Duke Energy crews and target immediate community needs beyond grid repair. The Duke Energy Foundation, funded by shareholders, provides nearly $30 million annually in philanthropic support across its service territories.
Duke Energy (NYSE: DUK) reports it has restored power to more than 171,000 customers in Greater Cincinnati over the past 24 hours following multiple rounds of severe weather. As of 4 p.m. Wednesday, outages restored totaled 145,548 in Ohio and 25,921 in Kentucky, with 102,589 customers still without power across both states.
According to the company, more than 1,000 additional workers from outside Ohio and Kentucky are joining restoration efforts. Beginning at 7 p.m. Wednesday, many customers can view estimated restoration times on Duke Energy’s Outage Map, which will be updated as damage assessments continue.
Duke Energy (NYSE: DUK) reports that more than 160,000 customers in southwest Ohio and Northern Kentucky remained without power as of 10 p.m. on Aug. 11, 2026, after severe storms in Greater Cincinnati. At the peak, more than 180,000 customers lost service.
About 134,000 affected customers are in southwest Ohio and 26,000 in Northern Kentucky. Crews are working around the clock, using lineworkers and self-healing grid technology to assess damage, clear debris and restore power, but additional storms and high winds may extend outages and slow restoration.
Duke Energy (NYSE: DUK) and its subsidiary Piedmont Natural Gas are using National Safe Digging Day on Aug. 11 to urge contractors, homeowners and businesses to call 811 at least three business days before any digging or excavation project. By calling this nationwide toll-free number, local utilities will mark underground lines such as electric, natural gas, water, sewer, phone and cable TV with stakes, flags or paint.
From January to June 2026, the companies reported nearly 4,500 damages to underground electric and natural gas lines across their service territories, including over 1,300 natural gas facility damages and more than 3,100 electric network damages. In 2025, they reported nearly 9,800 such incidents, underscoring the safety importance of using 811.
Duke Energy (NYSE: DUK) priced a public offering of 35 million Equity Units, each with a stated amount of $50, for a total aggregate stated amount of $1.75 billion. Each Equity Unit initially comprises a stock purchase contract and 1/40 undivided interests in 4.85% Remarketable Senior Notes due 2032 and 2036, each with a $1,000 principal amount per full note. Total distributions on the Corporate Units will be 7.75% per year.
The offering is expected to close on August 13, 2026, with an option for underwriters to buy up to 5 million additional Corporate Units ($250 million aggregate stated amount). Under the purchase contracts, holders must buy a variable number of Duke Energy common shares by August 1, 2029, within minimum and maximum settlement rates of 0.3301 to 0.4126 shares per Equity Unit, based on a reference price of $121.1827 and threshold appreciation price of $151.4693.
Duke Energy expects net proceeds of about $1,719 million (or $1,965 million if the over-allotment is fully exercised), to be used to redeem $500 million of 3.25% Junior Subordinated Debentures due 2082, repay commercial paper and for general corporate purposes.
Duke Energy (NYSE: DUK) plans a public offering of 35 million equity units, each with a stated amount of $50, for an aggregate stated amount of $1.75 billion. Each unit initially consists of a purchase contract for future Duke Energy common stock and two 1/40 undivided beneficial ownership interests in remarketable senior notes, each with a principal amount of $1,000.
Duke Energy expects to grant underwriters an option to buy an additional 5 million corporate units (another $250 million stated amount) to cover over-allotments. The company intends to list the corporate units on the NYSE within 30 days of initial issuance, subject to approval, and plans to use net proceeds to redeem $500 million of 3.25% Junior Subordinated Debentures due 2082, repay a portion of commercial paper, and for general corporate purposes.
Duke Energy (NYSE: DUK) outlined steps to help North Carolina customers manage higher summer energy bills as extreme heat drives demand. Cooling demand across the state was 43% above normal by July 4, increasing air‑conditioning use and costs for many customers.
The company highlighted new digital tools such as Bill Insights, Usage Alerts and Home Energy Reports, plus payment assistance options including the Payment Assistance Finder, Share the Light Fund and income‑qualified weatherization programs. Duke Energy also cited long‑term cost actions: returning up to $3.1 billion in tax credits to customers (subject to regulatory approval), leveraging $96 million in Department of Energy grants, and targeting $2.3 billion in net customer savings through 2040 from combining its Carolinas utilities.
Duke Energy (NYSE: DUK), through Duke Energy Progress, reached a settlement with North Carolina Public Staff and several customer and energy groups to revise its rate proposal. The agreement, if approved by the North Carolina Utilities Commission, would result in an average annual rate increase of 3.4% over two years starting Jan. 1, 2027.
The company said this represents a reduction of its previously proposed increase by more than half. Duke Energy shareholders will contribute an additional $10 million for low-income bill assistance and weatherization, on top of a prior $10 million Duke Energy Carolinas commitment. The settlement also includes a new Multiyear Rate Plan refund rider, potential customer refunds if infrastructure upgrades are not completed on time, accelerated refund of $120 million in annual federal tax credits, and reduced customer costs for Roxboro Steam Plant upgrades due to federal funding.