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) generates a steady stream of news as a Fortune 150 energy holding company with major regulated electric and natural gas utilities. This page aggregates coverage of Duke Energy’s announcements, allowing readers to follow developments affecting its multi-state operations in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, as well as its natural gas utilities in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.
News about Duke Energy frequently highlights investments in electric grid upgrades, cleaner generation and customer affordability. Recent company communications describe targeted infrastructure projects in Florida that expand solar capacity, upgrade natural gas power plants, harden the grid against storms and deploy self-healing technology, with reported savings of more than $1 billion in energy costs for customers. Other updates detail changes to storm cost recovery charges and bill impacts in response to hurricanes and regulatory decisions in the Carolinas and Florida.
Investors and observers can also track Duke Energy’s progress on the energy transition through news on nuclear and advanced technologies. Examples include the DeBary Hydrogen Production Storage System in Florida, capable of producing, storing and using green hydrogen, and large battery energy storage systems at former coal plant sites in the Carolinas. Regulatory and financial news items cover rate cases, performance-based regulation proposals, production tax credit mechanisms, and scheduled earnings releases and conference calls.
Community and philanthropic initiatives are another recurring news theme, such as America250 grants from the Duke Energy Foundation and employee-driven community investments. By following Duke Energy news, readers can monitor operational decisions, regulatory outcomes, infrastructure projects, customer programs and community support efforts that shape the company’s role in the U.S. utilities sector.
Duke Energy is preparing for Hurricane Ian, which is expected to impact the Carolinas with heavy rain and winds. The company has crews and resources strategically positioned to respond to potential outages. Duke Energy has implemented smart technologies that have so far saved customers over 1 million hours of outage time this year alone. Customers are encouraged to prepare for potential outages by creating emergency kits and following safety guidelines. The company's commitment to enhancing the electric grid aims to reduce storm impacts and improve service restoration times.
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Duke Energy (NYSE: DUK) will host a virtual presentation on Oct. 4, 2022, from 10 a.m. to 12 p.m. ET, to discuss its progress in delivering affordable and reliable clean energy. Key executives, including Lynn Good and Brian Savoy, will detail the company’s long-term strategy and business initiatives. The presentation can be accessed via the investor section of Duke Energy’s website or through a direct call. The company is committed to achieving net-zero carbon emissions by 2050 and has significant investments in clean energy technologies and grid enhancements.
Duke Energy is preparing for Hurricane Ian's impact on Florida's west coast by mobilizing nearly 10,000 personnel, including lineworkers and tree professionals, to restore power swiftly. As the storm approaches, the company emphasizes customer safety and advises residents to prepare for potential extended power outages. Duke Energy's strategy includes staging resources for rapid response and prioritizing public health and safety facilities during power restoration. With effective monitoring and communication, Duke Energy aims to mitigate storm impacts on its service areas.
Duke Energy (NYSE: DUK) has launched a Charger Prep Credit program to support customers in North Carolina with costs up to $1,133 for upgrading electrical infrastructure for EV chargers. This initiative aligns with National Drive Electric Week, running from Sept. 23 to Oct. 2, aimed at promoting electric vehicle adoption. Customers can choose contractors for the upgrades, excluding charger hardware costs. This move is part of Duke Energy's efforts to facilitate EV accessibility while committing to a clean energy transition by targeting net-zero carbon emissions by 2050.
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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.
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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.
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