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 is offering assistance programs to help customers struggling with rising energy bills due to summer temperatures and the economic impacts of COVID-19. Programs include the Emergency Rental Assistance Program, Low-Income Home Energy Assistance Program (LIHEAP), and various flexible payment plans. Customers can manage their energy costs with options like Budget Billing and Pick Your Due Date. The company serves 7.9 million customers and aims for significant carbon reduction by 2030 and net-zero emissions by 2050.
Duke Energy (NYSE: DUK) announced on August 23, 2021, its collaboration with Accenture (NYSE: ACN) and Microsoft (NASDAQ: MSFT) to create a pioneering technology platform for monitoring methane emissions from natural gas distribution systems. This cloud-hosted platform will enable real-time data collection and advanced leak detection using satellites and ground sensors. The initiative aims to meet Duke Energy's goal of net-zero methane emissions by 2030. Implementation of the platform is expected by October 2021, with satellite captures starting in Greenville, S.C., this August.
Duke Energy has selected two sites in South Carolina for its 2021 Site Readiness Program, aimed at enhancing business development opportunities. Located in Chester and Lancaster counties, these sites highlight economic growth along Interstate 77, promoting nearly 3,000 jobs and over $1 billion in investments since 2005. The program evaluates site potential and partners with local officials to attract industrial projects. Each site can access a $10,000 matching grant for development. Duke remains committed to economic growth, especially in rural areas, evidenced by substantial capital investments and job creation in the region.
Duke Energy has selected nine properties across eight counties in North Carolina for its 2021 Site Readiness Program, which aims to prepare these sites for industrial development. The selected locations include Catawba, Durham, Guilford, Harnett, Henderson, Jones-Craven, Randolph, and Rowan counties. Duke Energy's program has facilitated over 35 major projects since 2005, resulting in more than 6,500 jobs and $7.5 billion in investments. In light of increasing project demands, Duke Energy remains committed to collaborating with local partners to enhance site marketing strategies, ensuring a robust pipeline for future industrial opportunities.
Piedmont Natural Gas and Duke Energy urge customers to call 811 before digging to prevent utility damage and personal injury. Recognizing 811 Day, the companies highlight that over 5,800 underground line damages were reported in 2020 within their service areas. 811 is a free service that helps mark utility lines to avoid accidents. Duke Energy serves 7.9 million customers across several states and aims for a 50% carbon reduction by 2030 and net-zero emissions by 2050.
Duke Energy Foundation has allocated approximately $280,000 in grants to 11 workforce development and education programs in Indiana. This initiative aims to create a skilled workforce to meet local employment needs, particularly in technology and skilled trades.
The grants support programs like The Mill Code School and various educational initiatives that emphasize training for in-demand jobs, particularly for under- or unemployed individuals.
Duke Energy (NYSE: DUK) is dedicated to helping businesses in Indiana by developing a pipeline of skilled workers.
Duke Energy (NYSE: DUK) has announced its second-quarter 2021 financial results, which are now available online. The company serves 7.9 million electric customers across several states and is focusing on a clean energy strategy aimed at reducing carbon emissions by 50% by 2030 and achieving net-zero emissions by 2050. With a goal of 16,000 megawatts of renewable energy capacity by 2025, Duke Energy is also investing in grid upgrades and exploring advanced technologies. The results will be discussed in an investor presentation at 10 a.m. ET today.
Duke Energy is prepared to meet the energy demands during the upcoming heat wave in the Carolinas. The company emphasizes the importance of energy efficiency, offering low- to no-cost tips for customers to reduce their energy consumption and costs. Customers can use smart meters to track their usage and receive alerts, helping them manage their bills more effectively. The company continues its commitment to renewable energy, aiming for a significant reduction in carbon emissions by 2030 and net-zero by 2050, while serving millions across multiple states.
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