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 is assisting Indiana customers with energy bill management by highlighting available state and federal programs. The Low Income Home Energy Assistance Program (LIHEAP) provides federal aid for households earning below certain income thresholds. Additionally, the 2-1-1 service connects customers to local agencies for various support needs, while the Share the Light Fund offers direct assistance for electric bills. Duke Energy also promotes energy-saving solutions to help customers save costs. The company serves approximately 860,000 customers in Indiana.
Honeywell (Nasdaq: HON) and Duke Energy Sustainable Solutions (NYSE: DUK) announced a partnership to enhance energy resiliency across the U.S. The collaboration aims to address energy security by developing microgrid solutions that help communities manage power outages and climate disruptions. With increased power interruptions, the alliance will integrate solar, battery storage, and smart city technologies to bolster critical services like water distribution. Honeywell's initiatives under the HEER program will further support the implementation of these sustainable energy solutions.
Duke Energy announced a new $500,000 microgrant program aimed at enhancing emergency preparedness and storm resiliency in South Carolina. The initiative targets communities affected by severe weather events, providing grants up to $20,000 for training, equipment, and planning. Applications open on March 7 and close on April 29, with decisions expected by May 20. This program aligns with Duke Energy's commitment to community support and disaster preparedness, emphasizing the importance of resource availability for local agencies.
Meijer, a Midwestern retailer, has partnered with Duke Energy Sustainable Solutions to initiate a utility-scale solar project in Navarro County, Texas. This renewable energy power purchase agreement (VPPA) will enable Meijer to buy a portion of the energy produced for the next 15 years, supporting its goal of reducing carbon emissions by 50% by 2025. The project is expected to generate around 200,000 megawatt hours annually, equating to a reduction of over 103,000 metric tons of CO2e. The initiative underscores Meijer's commitment to sustainability and community impact.
Duke Energy Carolinas has filed for an increase in monthly fuel costs effective September 1, 2022, with residential bills projected to rise by 6.6%, commercial by 9.3%, and industrial by 9.0%. The rise is attributed to heightened energy demand post-COVID-19 and escalating fuel prices, leading to a $245 million under-recovery from the previous year. Additionally, the adjustment for energy efficiency programs will result in a slight decrease in residential rates by January 1, 2023. Duke Energy serves around 2 million customers in North Carolina.
Duke Energy announced the appointment of Derrick Burks as a new board member, effective March 1, 2022. Burks, a former managing partner at EY, brings extensive experience in assurance, tax, and advisory services. He has previously served on the board of Vectren Corporation and is currently involved with Equity LifeStyle Properties and Kite Realty Group Trust. His expertise in audits, risk assessment, and capital markets is expected to aid Duke's strategy amidst industry changes. Burks joins under a 2021 cooperation agreement with Elliott Investment Management, emphasizing the company's focus on regional expertise.
Duke Energy (NYSE: DUK) reported its fourth-quarter and year-end 2021 financial results on February 10, 2022. The company serves 8.2 million electric customers across multiple states and aims for significant clean energy advancements, targeting a 50% carbon reduction by 2030 and net-zero emissions by 2050. Duke Energy is also committed to expanding its renewable energy capacity to 16,000 megawatts by 2025. The company has been recognized by Fortune and Forbes for its business excellence and employer reputation.
Duke Energy is advancing its climate change strategy with key commitments. By 2030, coal is expected to comprise less than 5% of its total energy generation, with a complete exit from coal by 2035, representing the largest planned coal fleet retirement in the industry. The company aims for net-zero emissions by 2050, expanding its goals to include Scope 2 and select Scope 3 emissions. Since 2010, Duke has retired 56 coal units, accounting for around 7,500 megawatts. The company emphasizes measurements of its emissions and plans to disclose more in its upcoming ESG Investor Day.
Viatec, Inc. has announced the successful closure of its Series B funding round, led by Terex Corporation and Duke Energy. This partnership highlights the collaboration between Viatec and Duke Energy since 2018, focusing on electrification solutions for the utility sector. Viatec's SmartPTO product is pivotal for Duke Energy's fleet electrification goals. The investment will enable Viatec to scale production and expand its offerings. Founded in 2015, Viatec specializes in electric power take-off systems, aiming to set new industry standards in the vocational vehicle sector.
