Welcome to our dedicated page for Duke Energy news (Ticker: DUK), a resource for investors and traders seeking the latest updates and insights on Duke Energy stock.
Duke Energy Corporation (NYSE: DUK), a leading U.S. energy provider, maintains this comprehensive news resource for stakeholders seeking official updates and strategic developments. Our curated collection features timely press releases, regulatory filings, and operational announcements directly from Duke Energy and verified sources.
Investors and industry professionals will find essential updates including quarterly earnings reports, infrastructure investment plans, renewable energy initiatives, and regulatory compliance matters. The repository serves as a reliable reference for tracking the company's progress in grid modernization, natural gas distribution improvements, and clean energy transitions.
All content is organized to facilitate quick access to critical information about service territory expansions, rate case decisions, and sustainability commitments. Bookmark this page for streamlined monitoring of Duke Energy's operational milestones and strategic positioning within the evolving utilities sector.
Duke Energy has appointed Abby Motsinger as vice president of Investor Relations effective Nov. 16, and Sharene Pierce as vice president and chief diversity officer effective Dec. 1. Motsinger, previously director of jurisdictional forecasting, will lead investor relations and strategic communications. Pierce will develop strategies for diversity and inclusion, succeeding Cameron McDonald. Both bring extensive experience and leadership skills to their new roles, highlighting the company’s commitment to clean energy transition and operational excellence.
Duke Energy (NYSE: DUK) released its third-quarter 2022 financial results on Nov. 4, 2022. The company serves 8.2 million electric customers across seven states and aims for net-zero carbon emissions by 2050. The financial results are available on their investors' section. Duke Energy's presentation includes insights from CEO Lynn Good and CFO Brian Savoy. The company is recognized in Fortune's "World's Most Admired Companies" and Forbes' "World's Best Employers" lists.
Duke Energy Foundation has awarded over $2.8 million in workforce development grants for 2022, including more than $1.4 million to 22 community colleges, aimed at training future lineworkers. Significant funds include a $500,000 grant to Central Piedmont Community College. This initiative is part of Duke Energy's strategy to enhance diversity and create a skilled workforce for the energy sector. The company emphasizes the growing need for trained lineworkers in its transition to clean energy and aims to ensure access to education and job opportunities in local communities.
Duke Energy Florida has allocated over $545,000 in economic development grants to 26 organizations in Florida, supporting local initiatives to enhance economic growth. The funding, provided by the Duke Energy Foundation, aims to strengthen community businesses and quality of life. Notable recipients include the University of Central Florida Research Foundation and the Pasco Economic Development Council. Since 2013, Duke Energy has contributed nearly $3 million to similar causes, illustrating its commitment to fostering vibrant economies in the state.
Duke Energy has committed an additional $200,000 to assist Indiana customers struggling with energy bills, allowing qualifying households to receive up to $300 annually. This assistance is part of the Share the Light Fund, which has already aided nearly 1,700 households with over $378,000 in support this year. The company encourages customers to apply for the Indiana Low Income Home Energy Assistance Program (LIHEAP), which opened on Oct. 3. Various tools, such as Budget Billing and installment plans, are available to help manage costs.
Duke Energy is allocating $600,000 to assist Florida residents struggling with higher living costs, complementing a previous $100,000 donation. This funding will support ten local assistance programs, including 2-1-1 Tampa Bay Cares and Heart of Florida United Way, providing help for utility bills, housing, and food. The company emphasizes its commitment to aiding customers during economic hardship, with a focus on community collaboration to enhance relief efforts.
Duke Energy (NYSE: DUK) has declared a quarterly cash dividend of $1.005 per share on its common stock, payable on Dec. 16, 2022, to shareholders of record by Nov. 18, 2022. Additionally, a quarterly dividend of $359.375 per share on Series A preferred stock will also be distributed on the same date. This marks the 96th consecutive year of cash dividend payments by Duke Energy, underscoring its commitment to returning value to shareholders.
Duke Energy's smart, self-healing technology successfully restored over 160,000 power outages during Hurricane Ian, saving nearly 3.3 million hours of lost outage time. The company emphasizes the importance of grid improvements for increased reliability and faster service restoration. With about 59% of Florida customers covered by this technology, the goal is to expand coverage to 80% in the coming years. Duke Energy's proactive measures allowed them to restore power to 1 million customers within three days of the storm, showcasing their commitment to storm preparedness and operational efficiency.
Piedmont Natural Gas warns customers of an expected increase in monthly natural gas bills by $30 to $35 this winter due to rising natural gas costs and cold temperatures. To assist with these upcoming changes, the company is providing resources, tips, and programs aimed at energy savings. Customers can utilize the Equal Payment Plan to manage their bills and receive information on utility assistance programs. Piedmont emphasizes its commitment to helping vulnerable customers manage increased heating costs and promotes energy-saving tools throughout the season.
