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 reports developments tied to one of the largest regulated utility platforms in the United States. The company operates electric utilities serving customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and natural gas utilities in North Carolina, South Carolina, Ohio and Kentucky.
Recurring news themes include quarterly financial results, common and preferred stock dividends, electric grid modernization, generation investments, customer cost initiatives, and regulatory approvals affecting power plants and utility service. Company updates also cover nuclear generation, natural gas and other resource additions, federal and state regulatory matters, and Duke Energy Foundation community programs in the utility territories it serves.
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Duke Energy's Green Source Advantage program has gained three significant customers: the City of Durham, Durham County Government, and Durham Public Schools, collectively purchasing nearly 35 MW from a new solar facility. Developed by Pine Gate Renewables, the project aims to power operations with 80% renewable energy by 2030 and 100% by 2050. The facility will offset approximately 50% of the city's and 75% of the county's electricity consumption with clean solar power, avoiding greenhouse gas emissions equivalent to over 61,500 acres of U.S. forests annually. Operational by late 2025, this collaboration signifies a milestone in renewable energy progress for Durham.
Duke Energy Progress has reached a partial settlement regarding customer rate increases with the North Carolina Public Staff, which aims to reduce overall requested revenue requirements and support grid improvement and clean energy initiatives. This settlement addresses several operational items, along with cost recovery of historical capital investments and depreciation for coal plant retirements. The settlement was filed with the North Carolina Utilities Commission (NCUC) before an upcoming hearing starting on May 1, where unresolved matters such as return on equity and capital structure will be discussed. Duke Energy Progress continues to actively engage with stakeholders to resolve outstanding issues in its rate request.