Duke Energy Corp Stock Price, News & Analysis

Duke Energy Foundation is marking Earth Month by awarding $375,000 in grants to 24 nonprofit and governmental organizations across South Carolina. The initiative focuses on sustaining natural resources through park management, tree planting, trail maintenance, and litter prevention efforts.

The grants support various organizations including South Carolina State Parks, Foothills Trail Conservancy, and TreesUpstate, among others. Duke Energy employees have also volunteered their time in April, participating in five organized trash pickups across the state.

The funding aims to protect and enhance South Carolina's natural assets during a period of significant population growth. Through the Energy Savings Tree Giveaway program, the initiative has helped thousands of Upstate residents reduce electricity costs. Duke Energy (NYSE: DUK), serving 8.6 million electric customers across six states, continues its commitment to environmental stewardship while executing an ambitious energy transition focused on grid upgrades and cleaner generation.

Duke Energy (NYSE: DUK) has announced its annual shareholders meeting will be held virtually on May 1, 2025, at 1 p.m. ET. During the meeting, President and CEO Harry Sideris will present the company's 2024 performance review and discuss energy modernization initiatives.

Shareholders will have the opportunity to participate remotely, cast votes on company and shareholder proposals, and submit questions. The meeting will be accessible online (preferably via Google Chrome) or by phone, with details available in Duke Energy's proxy statement.

As a Fortune 150 company, Duke Energy serves 8.6 million electric customers across six states and 1.7 million natural gas customers across five states. The company owns 55,100 megawatts of energy capacity and is actively pursuing an energy transition strategy focused on grid upgrades, cleaner generation, and investments in natural gas, nuclear, renewables, and energy storage.

Duke Energy (DUK) is celebrating National Lineworker Appreciation Day on April 18, 2025, honoring the critical workforce that maintains power grid reliability. The company's lineworkers demonstrated exceptional service during Hurricane Helene (September 26, 2024), restoring over 3.1 million customer outages across the Carolinas, Florida, and Midwest.

The hurricane response involved 23,000 field personnel from 19 states and Canada, requiring the replacement of 14,000 power poles and 9 million feet of wire. Duke Energy currently employs more than 10,000 lineworkers and technicians, including substation and relay specialists.

The company partners with 22 community college training programs and has committed over $3.3 million in grant funding since 2020 to support lineworker programs. This investment reflects the growing demand for skilled workers as Duke Energy expands its grid infrastructure and improvement projects across its service areas.

Duke Energy Foundation has announced a $17,500 donation to two local chapters of the American Red Cross to support disaster relief efforts following severe storms and flooding in Greater Cincinnati. The donation is split between the American Red Cross of the Tri-State ($10,000) and American Red Cross Kentucky Region ($7,500).

The Foundation, funded by Duke Energy shareholders, provides over $30 million annually in philanthropic support. Duke Energy (NYSE: DUK), a Fortune 150 company, serves 8.4 million electric utility customers across six states and 1.7 million natural gas customers across five states. Its Ohio/Kentucky subsidiary specifically serves 910,000 electric customers and 560,000 natural gas customers in a combined service area of over 5,650 square miles.

Duke Energy Foundation has announced $500,000 in new funding to support western North Carolina's recovery following Hurricane Helene. The funding will be distributed as $25,000 grants to 20 local nonprofits focused on long-term recovery efforts.

The grants will support various community needs, including structural repairs, home building and rebuilding, storm debris removal, mental health services, and waterway rehabilitation. Key recipients include the Mountain Strong Yancey and Mitchell County Relief Team, which is repairing private access roads damaged by flooding, and Asheville-based GreenWorks, which is helping property owners remove flood debris who don't qualify for traditional disaster assistance.

Six months post-Hurricane Helene, Duke Energy continues its efforts to rebuild infrastructure and protect grid reliability. The company's electric utilities serve 8.4 million customers across six states, with a significant focus on executing an ambitious energy transition while maintaining customer reliability and value.

Duke Energy (NYSE: DUK) has scheduled the release of its first-quarter 2025 financial results for May 6, 2025, at 7 a.m. ET. The company will host an earnings conference call at 10 a.m. ET the same day, led by CEO Harry Sideris and CFO Brian Savoy.

Duke Energy, a Fortune 150 company, operates electric utilities serving 8.4 million customers across six states and owns 54,800 megawatts of energy capacity. Their natural gas utilities serve 1.7 million customers across five states. The company is currently implementing an energy transition strategy, focusing on electric grid upgrades and cleaner generation, including investments in natural gas, nuclear, renewables, and energy storage.

Duke Energy (NYSE: DUK) has submitted a subsequent license renewal application to the U.S. Nuclear Regulatory Commission for its Robinson Nuclear Plant in Hartsville, S.C., seeking to extend operations for an additional 20 years until 2050. The plant, which began operations in 1971, currently generates approximately 759 megawatts of carbon-free electricity.

The company has invested $1.7 billion in capital upgrades to enhance safety and efficiency at the facility. Robinson Nuclear Plant is part of Duke Energy's nuclear fleet, which provides more than half of the electricity consumed by its Carolinas customers. The federal nuclear production tax credit incentivizes existing plants to operate cost-efficiently, helping to keep customer costs low.

This renewal follows the recent approval of Duke Energy's three-unit Oconee Nuclear Station renewal, with plans to request subsequent license renewals for all 11 operating reactors in their nuclear fleet.

Duke Energy (DUK) is actively responding to historic flooding and storms in the Greater Cincinnati area, where the Ohio River crested at 60 feet Monday morning. The company has successfully restored power to over 70,000 customers affected since Thursday, with current outages reduced to less than 100.

In response to the flooding, Duke Energy has completed approximately 500 natural gas shutoffs in affected areas of Kentucky and Ohio. Amy Spiller, president of Duke Energy Ohio/Kentucky, emphasized the company's commitment to service restoration while urging customers to remain cautious due to potential flash flooding.

The company has implemented comprehensive safety measures, including power restoration protocols and natural gas service management. Customers affected by flooding must have their electrical systems inspected by licensed electricians before power reconnection, and natural gas appliances require professional inspection before service restoration.

Duke Energy (NYSE: DUK) has successfully restored power to over 98% of customers affected by Wednesday's severe weather in Indiana. The company has reduced storm-related outages from nearly 97,000 to approximately 1,000 customers, primarily in Clark and Floyd counties, as of 9 a.m. ET Friday.

The restoration process prioritizes repairing large power lines and infrastructure that will restore service to the maximum number of customers, followed by essential services like hospitals and water facilities. Duke Energy Indiana, the state's largest electric supplier, serves approximately 910,000 customers across a 23,000-square-mile service area with 6,300 megawatts of owned electric capacity.