Duke Energy Corporation - DUK STOCK NEWS

Duke Energy Florida is addressing rising fuel costs by offering customer assistance and extending payment plans. As fuel prices significantly increased by over 100% since January 2023, customers can expect an approximate 13% rise in monthly bills starting January 2023, excluding under-recovered fuel costs from 2022. Duke Energy emphasizes that it does not profit from these costs and is actively managing expenses while enhancing service reliability. The company proposes delaying the filing for 2022 under-recovered fuel costs, hoping for market stabilization.

Duke Energy Progress has requested a rate review from South Carolina regulators to enhance system resilience and reliability for over 172,000 customers in the Pee Dee region. This marks the company’s first base rate increase since 2018, with proposed adjustments phasing in over two years. If approved, residential bills could rise by 14.7% starting April 1, 2023, increasing from $133.01 to $147.37 per month for typical energy use. Commercial and industrial customers may see a 7.8% rise. The company emphasizes that these adjustments are essential for improving infrastructure amid rising operational costs.

Duke Energy Indiana has launched a solar energy facility at Toray Resin Company's Shelbyville campus, generating up to 900 kilowatts of electricity. This solar project marks the initiation of Duke Energy's pilot program aimed at facilitating the adoption of renewable energy for businesses, schools, and nonprofits. The facility consists of 2,487 solar panels and is designed to support Toray's manufacturing operations while minimizing upfront costs. The solar services program offers eligible customers a lease option for on-site solar systems, with an initial capacity limit of 10 megawatts.

Duke Energy, based in Charlotte, N.C., is responding to the forecast of above-average temperatures in the Carolinas by offering energy-saving tips to help customers manage their energy use and bills. The company assures it has the resources to provide reliable service. Suggestions include changing air filters, adjusting thermostat settings, and utilizing smart meters to track usage. Duke Energy is committed to a clean energy transition, aiming for net-zero carbon emissions by 2050.

Duke Energy, based in Charlotte, N.C., has appointed Amy Strecker as the president of the Duke Energy Foundation, effective Sept. 1. The foundation annually contributes over $30 million to community philanthropic efforts and will focus on a holistic strategy that aligns with the company’s clean energy transition goals. Strecker, who joined Duke Energy in 2010, aims to enhance community engagement through the foundation's pillars of vibrant economies, climate resilience, and equity. This leadership aims to integrate philanthropy with business objectives to better serve local communities.

Siemens Energy and Duke Energy have achieved the GUINNESS WORLD RECORDS title for the most powerful simple cycle gas power plant, producing an output of 410.9 megawatts at the Lincoln Combustion Turbine Station in North Carolina.

The SGT6-9000HL turbine, designed for high efficiency and flexibility, supports the integration of renewable energy sources. With an efficiency improvement of 34% over existing turbines, this development aligns with Duke Energy's commitment to a clean energy transition, targeting net-zero carbon emissions by 2050.

Duke Energy is allocating an additional $100,000 for energy bill assistance in Indiana, allowing qualifying customers to receive up to $300 annually. This funding supports over 1,100 households this year, with a total of $260,000 distributed to date. The assistance is administered through the Share the Light Fund, in partnership with the Indiana Community Action Association. Additionally, interest-free payment plans for eligible customers have been extended from three to six months, providing more resources for those facing financial challenges.

Duke Energy Florida has announced the completion of two new lithium-ion battery storage sites in Alachua and Hamilton counties. The sites, with capacities of 8.25 MW and 5.5 MW, aim to enhance grid reliability and efficiency, directly benefiting local customers. This initiative is part of a broader commitment involving a $2 billion investment in solar generation, targeting 25 solar power plants to deliver 1,500 MW of emission-free energy by 2024. Duke Energy continues to lead in clean energy technology, emphasizing the importance of energy storage in future energy delivery.