Welcome to our dedicated page for Duke Energy Corporation news (Ticker: DUK), a resource for investors and traders seeking the latest updates and insights on Duke Energy Corporation stock.
Duke Energy Corporation (NYSE: DUK) is one of the largest energy holding companies in the United States, headquartered in Charlotte, N.C. The company operates across three main business segments: electric utilities and infrastructure, gas utilities and infrastructure, and commercial renewables. With electric utilities serving approximately 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky, Duke Energy owns a diverse energy portfolio with a capacity of 54,800 megawatts. The gas utilities division provides natural gas to around 1.7 million customers in the Carolinas, Ohio, Kentucky, and Tennessee.
Duke Energy is at the forefront of the transition to clean energy. The company has committed to achieving net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. This goal is supported by ongoing investments in electric grid upgrades, energy storage, renewable energy sources, natural gas, and advanced nuclear technologies.
The company's commercial renewables segment develops and operates renewable energy projects across the United States, contributing to a growing portfolio that supports a sustainable energy future. Duke Energy’s initiatives include the implementation of innovative programs like PowerPair, which incentivizes residential customers in North Carolina to install home solar and battery systems, enhancing the reliability and affordability of clean energy solutions.
Recent milestones for Duke Energy include the approval of the PowerPairSM incentive-based pilot program, expansion of demand response programs in North Carolina, and strategic divestitures such as selling its 50% stake in Pioneer Transmission LLC. These actions reflect the company's strategy to optimize its asset portfolio and reinvest in its clean energy objectives.
Duke Energy also fosters strategic partnerships to enhance its clean energy transition. Collaborations with major companies like Amazon, Google, Microsoft, and Nucor aim to explore new approaches for carbon-free energy generation and innovative financing structures through programs like the Accelerating Clean Energy (ACE) tariffs. These partnerships are designed to support large businesses in achieving their sustainability goals while contributing to overall grid decarbonization.
Beyond its business operations, Duke Energy is a key economic contributor to the communities it serves. The company's commitment includes substantial tax contributions, local investments, and support for charitable causes through the Duke Energy Foundation. Employees are actively engaged in community service, further reinforcing the company’s integral role in local development and social responsibility.
With a strong dedication to innovation, sustainability, and community engagement, Duke Energy continues to lead the energy sector towards a cleaner, more reliable, and sustainable future.
Duke Energy is preparing for a severe winter weather system expected to hit the Carolinas, potentially causing power outages due to high winds and freezing temperatures. The company is mobilizing lineworkers and damage assessors to respond quickly. Customers are advised to be proactive in managing potential outages, including preparing emergency kits and having communication plans. Duke Energy emphasizes its commitment to reliable energy through its diverse energy mix while transitioning to cleaner energy sources. They are also focused on enhancing grid infrastructure.
Duke Energy has announced over $750,000 in grants supporting 24 nonprofits and government agencies across North Carolina to enhance emergency preparedness and recovery from severe weather. These funds will provide training, life-saving equipment, and essential tools for local first responders. Stephen De May, Duke Energy's NC president, emphasized the importance of community preparedness following significant storms in recent years. The initiative aims to strengthen local capacities, ensuring quicker recovery for 10.5 million North Carolinians.
Duke Energy has released its annual recipe book, themed 'The Grassroots Garden', inspired by students at Paw Creek Elementary in Charlotte, N.C. This initiative, part of a collaboration with Johnson & Wales University chefs, aims to promote sustainability and environmental education among young learners. The book features 24 recipes using locally sourced ingredients, emphasizing community engagement and healthy eating. Distributed to the company's 8.2 million customers, this year's edition aims to strengthen community ties while fostering a new generation of environmentally conscious individuals.
The mayors of several cities, including Charlotte and Nashville, have declared December 12, 2022, as "Share the Warmth Day" to support Piedmont Natural Gas's charitable program. This initiative helps neighbors pay energy bills through donations collected from customers and community contributions. Piedmont's Round Up program allows customers to round up their bills to aid this cause. Since its inception in 2003, the program has aimed to alleviate energy cost struggles, especially during the cold season when bills tend to rise. The program is open to all, offering assistance year-round.
Duke Energy has successfully restored power to all customers in Moore County and surrounding areas a day earlier than expected following an attack on two major substations. Initially, approximately 45,000 customers were affected. Crews worked tirelessly, executing extensive repairs and equipment replacements. Additionally, the Duke Energy Foundation has pledged $100,000 to support local recovery efforts. Authorities are offering rewards up to $75,000 for information leading to the arrest of those responsible for the attack. Duke Energy, a prominent energy provider, serves millions across multiple states.
Duke Energy has restored power to approximately 10,000 customers in Moore County after an attack on two substations. The company aims to restore nearly all power by 11:59 p.m. Wednesday, with 35,000 customers still affected down from an initial 45,000. Crews are working in 24-hour shifts to repair vital equipment damaged during the incident. Additionally, the Duke Energy Foundation is donating $100,000 to local organizations to support community recovery efforts.
Duke Energy has successfully restored power to nearly 7,000 customers following the attack on substations in Moore County, NC. As of now, 38,000 customers remain without power, down from an initial 45,000. The company is working to restore services swiftly, though some areas face extended outages until December 8. Duke Energy's General Manager stated that extensive damage requires the replacement of significant equipment. The company is collaborating with various agencies to investigate the incident.
Duke Energy (NYSE: DUK) announced the upcoming retirement of Dhiaa Jamil, COO, after over 41 years at the company, effective mid-2023. Preston Gillespie will expand his role as Chief Generation Officer and join the Senior Management Committee, while Harry Sideris will take on the transmission organization. Jamil's leadership improved safety standards, making Duke a leader in the industry for seven consecutive years. Duke Energy is committed to a clean energy transition, targeting net-zero carbon emissions by 2050 and extensive investments in grid enhancements.
Duke Energy is addressing significant power outages in Moore County, affecting approximately 45,000 customers. The outages were caused by vandalism that damaged essential equipment at two substations. Crews are working 24-hour shifts to conduct repairs, with expectations of a prolonged outage lasting until Thursday. The company is collaborating with local and federal agencies on an investigation into the incident. Duke Energy serves 8.2 million customers across several states and is actively pursuing clean energy goals.
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