Duke Energy Corp - DUK STOCK NEWS

Duke Energy Florida and Coastal Conservation Association Florida (CCA Florida) have signed a new collaborative agreement to continue environmental protection efforts in Florida. Duke Energy is providing an additional $100,000 to support CCA Florida's conservation initiatives.

The partnership, which began in 2017, has achieved significant milestones through Duke Energy's Crystal River Mariculture Center, including the release of over 5.3 million fish and crustaceans along Florida's coast and the planting of 40 million clams in the Indiana River Lagoon. The center has also planted more than 100,000 eelgrass, mangroves, and marsh grass.

The renewed agreement focuses on restocking fish species, habitat restoration, and protecting Florida's natural resources, demonstrating both organizations' commitment to environmental stewardship and sustainable marine ecosystems.

Duke Energy (DUK) has set a new preliminary combined utility system usage record of 37,387 MWh on January 23, 2025, surpassing the previous record of 36,670 MWh from February 20, 2015. This milestone occurred during an extended period of freezing temperatures in the Carolinas service area, which experienced about 65 hours of freezing or below freezing temperatures starting January 20, 2025.

The company successfully managed the record-breaking power usage while maintaining reliable service to customers. Duke Energy relies on a diverse energy mix including nuclear, natural gas, hydro renewables, and coal to meet growing energy needs. The company has provided customers with various energy-saving tips and solutions, including thermostat management, water heater settings, and proper use of ceiling fans, to help manage energy consumption and costs during cold weather periods.

Duke Energy (NYSE: DUK) is actively managing its power grid during prolonged freezing temperatures, with customer demand expected to peak on Thursday across the Carolinas. The company is implementing a comprehensive plan that includes operating all available generating assets, offering customer energy-saving programs, and purchasing additional power when needed.

The company's preparation involves maintaining power generating assets, real-time analysis, and grid strengthening. While Duke Energy has voluntary programs for residential and business customers to reduce energy consumption in exchange for incentives, it hasn't requested voluntary reductions this week.

To help customers manage energy costs during cold weather, Duke Energy recommends several efficiency measures, including: reducing thermostat settings, setting water heaters to 120 degrees or less, utilizing natural sunlight for warming, operating ceiling fans clockwise, and properly insulating windows. The company serves 8.4 million electric customers across six states and is pursuing a clean energy transition with goals of net-zero methane emissions by 2030 and net-zero carbon emissions by 2050.

Duke Energy (NYSE: DUK) is preparing for sustained freezing temperatures in the Carolinas and potential snow, while providing customers with energy-saving tips to manage higher winter bills. The company emphasizes that cold temperatures significantly increase energy demand and costs as households maintain warmth.

Key energy-saving recommendations include: reducing thermostat settings by 7-10 degrees to save up to 10% annually on heating costs, setting water heaters to 120 degrees or less, utilizing natural sunlight for warming, and proper maintenance of heating systems. Duke Energy offers personalized usage alerts through their app to help customers monitor consumption and costs.

The company has resources ready to respond to potential power outages due to winter weather conditions. They serve 8.4 million electric customers across six states and are implementing an ambitious clean energy transition targeting net-zero carbon emissions from electricity generation by 2050.

Duke Energy (DUK) is preparing for sustained freezing temperatures across the Carolinas, with temperatures expected to drop to single digits in some areas. The company has shared several energy-saving tips to help customers manage costs during this cold spell.

Key recommendations include: reducing thermostat settings to the lowest comfortable level, maintaining heating systems, utilizing natural sunlight through windows during the day, operating ceiling fans clockwise, sealing air leaks, using LED bulbs, and setting water heaters to 120 degrees or less. These measures could save 10-20% in heating costs.

The company has also highlighted its smart meter features and usage alerts system, which allows customers to monitor their energy consumption and receive notifications about potential cost impacts. Duke Energy serves 8.4 million electric customers and 1.7 million natural gas customers across multiple states, with a commitment to achieving net-zero emissions goals by 2030 for natural gas and 2050 for electricity generation.

Duke Energy (DUK) has announced its participation in a multi-joint public-private application for the Department of Energy's U.S. Gen III+ small modular reactor (SMR) technology grant, led by Tennessee Valley Authority (TVA). The initiative aims to advance standard technology design and licensing while reducing costs and risks.

The company has also entered into an agreement with GE Hitachi to invest in activities advancing the standard design and licensing of their BWRX-300 SMR technology. This collaboration, combined with the potential U.S. SMR coalition participation, will facilitate knowledge exchange with TVA and other partners.

The strategy aligns with Duke Energy's long-term 'all of the above' generation approach and supports their clean energy transition goals, including achieving net-zero methane emissions from natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050.

Duke Energy (DUK) is preparing for extreme cold temperatures expected next week across the Carolinas, with forecasts predicting temperatures as low as single digits in some areas. The company has shared several energy-saving recommendations to help customers manage their energy consumption and costs during the cold snap.

The company provided various cost-effective energy efficiency tips including: adjusting thermostats to the lowest comfortable setting, maintaining heating systems, utilizing natural sunlight through windows, operating ceiling fans clockwise, sealing air leaks, using LED bulbs, and setting water heaters to 120 degrees or less. These measures could help customers save between 10% to 20% on heating costs.

Duke Energy serves 8.4 million electric customers across six states and 1.7 million natural gas customers across five states. The company is pursuing 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 (DUK) has proposed a new Clean Energy Connection (CEC) program to utility commissions in North and South Carolina, allowing customers to benefit from solar energy without installing rooftop panels. The program enables subscribers to pay a monthly fee and receive bill credits for solar energy produced from utility-owned facilities, with no additional costs to non-participating customers.

The program, expected to launch in 2027, will be available to residential, small-medium businesses, and large commercial customers. Subscribers can opt for 1-kilowatt increment subscriptions, with credit rates increasing annually after three years of continuous participation. Income-qualified customers (at or below 200% of Federal Poverty Guidelines) will receive guaranteed net benefits, funded by other program participants.

This initiative builds upon previous programs like Green Source Advantage Choice and Renewable Choice, developed through stakeholder engagement to help customers achieve carbon and sustainability goals.

Duke Energy Florida announced a free tree giveaway program, distributing 1,000 trees to customers starting January 17, 2025, as part of its collaboration with the Arbor Day Foundation. The initiative follows a devastating hurricane season and aims to promote proper tree planting practices to minimize power outages. Available species include sweetbay magnolia, red maple, bald cypress, bottlebrush, and crape myrtle.

The company has distributed over 15,000 trees since 2017 through various community programs. Duke Energy's certified arborists and environmental specialists work year-round to manage vegetation near power lines, following the 'Right Tree, Right Place' guidelines to ensure reliable service for its 2 million Florida customers. The company has been recognized for its tree management practices through the Tree Line USA program for nearly 20 years.