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, based in Charlotte, N.C., assures customers of sufficient resources to meet energy needs amid rising temperatures. The company offers practical energy-saving tips, such as changing air filters, adjusting thermostats, and using smart meters to track usage. Customers can receive usage alerts and set budget alerts for better financial management. Duke Energy is committed to a clean energy transition with goals for net-zero methane emissions by 2030 and carbon emissions by 2050. The company serves 8.2 million electric customers across several states.
Duke Energy has filed its proposed Carolinas Carbon Plan with the North Carolina Utilities Commission aimed at achieving a 70% carbon dioxide emissions reduction by 2030 and carbon neutrality by 2050. The plan incorporates a diverse energy mix, including solar, wind, and energy storage, while addressing affordability and reliability for customers. The average annual bill impact from the plan is expected to range from 1.9% to 2.7% through 2035. The plan's development involved feedback from over 500 stakeholders, and Duke Energy aims to retire remaining coal plants by 2035.
Duke Energy Renewables Wind, LLC has secured a provisional lease for OCS-A 0546 in the Carolina Long Bay offshore wind auction, allowing for up to 1.6 gigawatts of offshore wind energy by 2032, enough to power nearly 375,000 homes. This lease supports Duke's goals of 70% carbon reduction by 2030 and net-zero emissions by 2050. The company will file its carbon plan on May 16, and site assessments could begin in 2023 pending regulatory approval, aligning with a potential project timeline of 2030-2032.
Duke Energy Florida has donated $75,000 to the University of Central Florida (UCF) to enhance programs for engineering and computer science students. This contribution, which builds on a previous $75,000 grant, will support initiatives like the Engineering Leadership and Innovation Institute and Senior Design Boot Camps. This donation is part of Duke Energy's longstanding commitment to UCF, totaling over $5 million in support. UCF is a leading provider of engineers in the U.S., serving key industries such as aerospace and healthcare.
Duke Energy (NYSE: DUK) announced its first-quarter 2022 financial results on May 9, 2022. The company serves 8.2 million electric customers across multiple states and aims for significant clean energy goals, including net-zero carbon emissions by 2050. Duke Energy is also investing in grid enhancements and zero-emission technologies. The financial updates will be discussed in an investor presentation at 10 a.m. ET, accessible via their website. A recording will be available the following day.
Duke Energy (NYSE: DUK) is advancing in its multi-year clean energy transition, targeting net-zero emissions by 2050. CEO Lynn Good reported a $63 billion investment plan, with 80% focused on clean energy. The company surpassed 10,000 megawatts of renewables, aiming for 24,000 megawatts by 2030. Efforts include retiring nearly 1,000 megawatts of coal in 2021 and expanding its carbon reduction goals. Duke Energy emphasizes customer support, offering over $100 million in financial assistance and energy-saving programs to manage bills.
Duke Energy (NYSE: DUK) has declared a quarterly cash dividend of $0.985 per share for its common stock, payable on June 16, 2022, to shareholders of record by May 13, 2022. Additionally, a dividend of $359.375 per share on its Series A preferred stock will also be paid on the same date. This marks 96 consecutive years of cash dividends for Duke Energy. The company serves 8.2 million electric customers across several states and is committed to a clean energy transition, targeting net-zero carbon emissions by 2050.
Duke Energy Florida, in partnership with Coastal Conservation Association Florida, deployed eight concrete reef modules to create the "Duke Energy/CCA Florida Reef" off Mexico Beach, Florida. This initiative, involving more than 170,000 pounds of concrete, aims to enhance marine habitats and attract diverse fish species, benefiting recreational anglers. Since 2018, Duke Energy and CCA Florida have released over 110,000 redfish to combat declining populations. This project emphasizes Duke Energy's commitment to environmental stewardship and supports local fishing communities.
Duke Energy Indiana has upgraded three turbines and generators at its Markland Hydroelectric Station, enhancing renewable energy output by 10%. The $152 million project, completed in April 2022, allows the facility to generate sufficient power for 52,000 homes, contributing an additional 39 GWh annually. This upgrade supports Duke Energy's commitment to cleaner energy, having reduced sulfur dioxide emissions by 96% since 2005. The company plans to invest in solar and wind energy, aiming for net-zero carbon emissions by 2050.
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