Duke Energy Corp Stock Price, News & Analysis

Duke Energy (NYSE: DUK) has successfully restored power to more than 96% of affected customers in Ohio and Kentucky within 36 hours following severe weather conditions. The company has reduced storm-related outages from over 69,000 to approximately 2,400 customers, primarily in eastern Hamilton and Clermont counties.

The restoration effort prioritizes repairing large power lines and infrastructure to restore service to the maximum number of customers efficiently. Duke Energy continues to monitor weather forecasts for potential heavy rain and flooding that could cause new outages. The company serves 910,000 electric customers and 560,000 natural gas customers in Ohio and Kentucky.

Duke Energy (NYSE: DUK) has successfully restored power to over 31,000 customers in southwest Ohio and Northern Kentucky following severe overnight storms with winds reaching 80-100 mph. As of 11:45 a.m., approximately 30,000 customers remain without power due to damaged infrastructure and downed power lines east of Greater Cincinnati and Northern Kentucky.

The company is bringing in additional line crews from sister utilities and other states to assist with repairs. Amy Spiller, president of Duke Energy Ohio/Kentucky, emphasized their focus on quick and safe service restoration. The company serves 910,000 electric customers across a 3,000-square-mile service area and 560,000 natural gas customers in a 2,650-square-mile area in Ohio and Kentucky.

Duke Energy (DUK) has successfully restored power to over 74,000 customers in Indiana following severe storms with wind gusts of 65-80 mph that caused more than 85,000 power outages. As of 11:45 a.m., approximately 10,500 customers remained without power.

The company is deploying additional crews to expedite restoration efforts, though extended outages are possible in southern Indiana's hardest-hit areas. The storms caused broken poles, downed trees, and infrastructure damage, with flooding hampering restoration efforts in some locations.

Duke Energy Indiana, the state's largest electric supplier, serves about 910,000 customers across a 23,000-square-mile service area with 6,300 megawatts of owned electric capacity. The company is prioritizing repairs to large power lines and critical infrastructure like hospitals and water facilities.

Duke Energy (NYSE: DUK) announced that Harry Sideris has assumed the role of chief executive officer and joined the company's board of directors on April 1, 2025. Sideris, who has served as president since April 2024, succeeds Lynn Good, who is retiring after nearly 12 years as CEO.

A 29-year company veteran, Sideris will oversee an $83-billion five-year capital plan and advance critical infrastructure investments. He will focus on shaping Duke Energy's future by prioritizing safety, operational excellence, shareholder value, and customer service.

The company also announced that Ted Craver, formerly lead independent director, has become chair of Duke Energy's board of directors. Duke Energy serves 8.4 million electric customers and 1.7 million natural gas customers across multiple states, with 54,800 megawatts of energy capacity.

Duke Energy (DUK) has received approval from the Nuclear Regulatory Commission (NRC) to extend the operating licenses of its Oconee Nuclear Station for an additional 20 years, enabling operations through 2053-2054. This marks Oconee as the first Duke Energy nuclear facility approved to operate for 80 years.

The extension supports Duke Energy's strategy to deliver cleaner energy while maintaining reliability and affordability. In 2024, Oconee implemented power uprate projects adding 45 megawatts across its three units. The company's six nuclear plants currently provide over 50% of Carolinas customers' electricity and more than 96% of the company's clean energy.

The federal nuclear production tax credit incentivizes efficient operations, helping lower customer costs. Duke Energy plans to pursue similar license renewals for its other nuclear facilities, with Robinson Nuclear Plant's application scheduled for April 2025.

Duke Energy Florida and its foundation have announced $75,000 in grants to three Habitat for Humanity organizations in Florida, continuing their commitment to affordable housing initiatives. The funding will be distributed among Habitat for Humanity affiliates: $5,000 to Seminole County and Greater Apopka, $20,000 to Lake Sumter, and $30,000 to Tampa Bay Gulfside. An additional $20,000 will support operational costs.

This latest contribution brings Duke Energy Florida's five-year investment in affordable housing initiatives to over $200,000 in Florida since 2020. The company's employees will also participate in volunteer home-building events in west Orange and Citrus counties. These efforts are part of Duke Energy's broader commitment, which includes $1 million in donations and over 10,000 volunteer hours to Habitat for Humanity across all jurisdictions.

Duke Energy Foundation has announced a $600,000 investment in North Carolina's community colleges to strengthen the energy industry workforce. The investment includes $500,000 in grants distributed among 19 community colleges and an additional $100,000 for the Forward Fund to support students in Southeastern North Carolina.

This initiative is part of Duke Energy's broader workforce development commitment, which has exceeded $6.6 million over the past five years. Durham Technical Community College received $25,000 to enhance its Electric Line Technician Training program.

The Forward Fund provides zero-interest loans to cover essential expenses like transportation and child care, enabling students to focus on their studies. The program specifically targets short-term training connected to regional employer demand and high-wage employment opportunities in the energy sector.

Duke Energy Foundation has announced a $500,000 grant program to support South Carolina first responders through its 2025 Helping Emergency Response Organizations (HERO) Grant Program. The initiative, now in its fourth year with total support reaching $2 million, allows government agencies and nonprofits to apply for grants up to $20,000 for weather-related disaster preparedness.

The program focuses on funding equipment upgrades, communication tools, specialized training, and preparedness activities, particularly benefiting low-income communities. Applications are open until April 25. Since 2022, the program has funded 99 microgrants across South Carolina, proving especially valuable during Hurricane Helene's response efforts.

Success stories include the Hodges-Cokesbury Fire Department's utilization of grant-funded UTVs during Hurricane Helene, Travelers Rest Fire Department's acquisition of protective gear, and Anderson County Sheriff's Office's implementation of critical radio equipment for emergency coordination.

Duke Energy Florida (DUK) has launched three new electric vehicle (EV) programs to enhance accessibility and incentivize adoption. The initiatives include:

1. Charger Prep Credit Program: Offers one-time credits to both residential and business customers for EV charging infrastructure installation costs, excluding hardware and permits.

2. Off-Peak Charging Credit Program: Provides residential customers using Level 2 chargers a $7.50 monthly credit for charging during off-peak hours (10 a.m.-6 p.m. and 11 p.m.-5 a.m. weekdays, plus weekends/holidays). This program, formerly a pilot with 3,000 participants, is now permanent with no enrollment limit.

3. Fleet Advisory Program: Offers business customers up to $12,000 to offset fleet electrification study costs. Eligible fleets must have 20+ light-duty vehicles, 5+ medium/heavy-duty vehicles, or 10+ combined vehicles.