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 Florida emphasizes preparedness during National Preparedness Month, encouraging customers to prepare for hurricanes and outages. The company shares safety tips and details on reporting outages, highlighting the importance of maintaining updated contact information for timely notifications. Duke Energy prioritizes storm preparedness year-round, investing in grid reliability and safety measures. The company serves 1.9 million customers across a 13,000-square-mile area and is actively transitioning to cleaner energy sources, aiming for net-zero carbon emissions by 2050.
Duke Energy has partnered with Clearwater Marine Aquarium to install a solar canopy featuring 665 solar panels which will generate nearly 250 kWac of clean energy. Located on the parking garage rooftop, this initiative supports the company's goal of achieving 1,500 megawatts of solar power in Florida by 2024. The generated energy will be fed into the grid for local customers, replacing carbon emissions equivalent to burning over 313,000 pounds of coal annually. Additionally, four electric vehicle charging stations have been installed for use by visitors and staff.
Duke Energy Foundation has launched its second year of Hometown Revitalization grants, providing $500,000 in funding to assist small businesses across North Carolina as they recover from pandemic-related economic challenges. A total of 20 community organizations will receive $25,000 each to establish microgrant programs, enabling small businesses to access funds ranging from $500 to $2,500 for various improvements. This initiative underscores Duke Energy's commitment to enhancing local vibrant communities.
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.
