Duke Energy Corp - DUK STOCK NEWS

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.

Duke Energy (NYSE: DUK) has announced it will release its fourth-quarter and year-end 2024 financial results on February 13, 2025 at 7 a.m. ET. The company will host an earnings conference call at 10 a.m. ET the same day, featuring chair and CEO Lynn Good, president Harry Sideris, and CFO Brian Savoy.

Duke Energy serves 8.4 million electric utility customers across six states and 1.7 million natural gas customers across five states. The company owns 54,800 megawatts of energy capacity and is pursuing a clean energy transition with goals of achieving net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050.

Duke Energy (NYSE: DUK) has announced a significant leadership transition, with Harry Sideris appointed as president and CEO effective April 1, 2025, succeeding Lynn Good who will retire after more than two decades of service. Sideris, a 29-year company veteran, will also join the board of directors, while lead independent director Ted Craver will become independent chair.

Sideris has served as president since April 2024, leading Duke Energy's electric and gas utilities, including operations, customer services, and regulatory affairs. Under Good's 11-year tenure as CEO, Duke Energy transformed into a leading regulated utility company, modernizing regulatory constructs and developing innovative customer solutions.

Duke Energy serves 8.4 million electric customers and 1.7 million natural gas customers across multiple states. The company is pursuing a clean energy transition, targeting net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050.

Duke Energy (NYSE: DUK) has declared its quarterly cash dividend payments. Common stockholders will receive $1.045 per share, payable on March 17, 2025, to shareholders of record as of February 14, 2025. The company also announced a quarterly cash dividend on Series A preferred stock of $359.375 per share ($0.359375 per depositary share), with the same payment and record dates.

Notably, Duke Energy has maintained an unbroken streak of 99 consecutive years of cash dividend payments on its common stock. The company serves 8.4 million electric utility customers across six states and 1.7 million natural gas customers across five states, with 54,800 megawatts of energy capacity. Duke Energy is pursuing a clean energy transition, targeting net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050.

Duke Energy (DUK) is preparing for a winter storm in the Carolinas that could cause power outages due to snow, sleet, and freezing rain. The company emphasizes that ice buildup of ¼ inch or more on trees and branches, or snow accumulation of 6+ inches, can lead to power outages by causing trees and branches to fall on power lines.

The company highlighted its grid improvements, including their self-healing technology, which helped avoid over 1.1 million customer outages in the Carolinas in 2024, saving approximately 3.3 million hours of total outage time. Nearly 60% of these benefits were achieved during major storms.

Duke Energy has provided multiple channels for outage reporting and shared energy-saving tips for customers during cold weather, including thermostat management, proper maintenance of heating systems, and efficient use of ceiling fans.

Duke Energy has launched a $200,000 grant campaign to support South Carolina organizations serving the aging population, particularly those facing income challenges. Qualifying nonprofits can apply for one-time grants up to $10,000 for general operating expenses through January 28.

The initiative follows previous support programs, including 2023 grants of up to $20,000 to 15 nonprofits for senior home repairs, and $100,000 in 2024 to 13 organizations for home ramp programs. The funds can be used for meal delivery assistance, transportation, home modifications, and programs supporting senior safety and self-sufficiency, but not for weatherization or utility assistance.

This initiative is part of the Duke Energy Foundation's broader philanthropic efforts, which provide over $30 million annually to communities where Duke Energy customers live and work. The company serves 8.4 million electric customers and 1.7 million natural gas customers across multiple states.

Piedmont Natural Gas, a Duke Energy (NYSE: DUK) subsidiary, is encouraging customers to manage their energy bills in 2025 through various programs and tips as the Southeast faces frigid temperatures. The Energy Information Administration forecasts increased household energy usage this winter due to colder temperatures compared to the previous year.

The company offers several assistance programs including: the Equal Payment Plan (EPP) which levels out monthly bills, Share the Warmth program providing utility bill assistance through local agencies, and the Low Income Energy Assistance Program (LIEAP). Additionally, Piedmont provides energy-saving tips such as optimal thermostat settings, water heater management, and home insulation recommendations.

Piedmont Natural Gas serves over 1.2 million customers across North Carolina, South Carolina, and Tennessee, and recently earned the No. 1 spot in customer satisfaction with residential natural gas service in the South among large utilities according to J.D. Power's 2024 study.