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 Foundation has announced the distribution of $750,000 in grants to support local businesses across North Carolina, marking a 50% increase over the previous $500,000 funding announced in April. The grants will now aid 30 communities instead of 20, helping small businesses recover from pandemic-related challenges. Each awarded community organization will receive $25,000 to establish microgrant programs for local businesses, fostering economic revitalization. The program is inspired by successful initiatives in Downtown Raleigh.
Duke Energy Sustainable Solutions has announced the construction of the 207-megawatt Ledyard Windpower project in Kossuth County, Iowa, marking its first renewable energy venture in the state. A 15-year virtual power purchase agreement with Verizon will secure 180 MW of the generated wind energy. Once operational, the project will boost Duke Energy's U.S. wind capacity to over 3,100 MW, providing energy for more than 72,450 homes. The project is expected to create around 200 jobs during construction and generate significant local tax revenues.
Duke Energy has selected four Indiana properties for its 2021 Site Readiness Program to boost economic development. The chosen sites are in Carroll, Clark, Posey, and Tippecanoe counties, each receiving up to $10,000 for preparation. Since 2013, the program has prepared 38 sites, attracting over 11 major projects, resulting in 2,700 new jobs and $666 million in capital investment. The initiative enhances job creation and private-sector investment opportunities in Indiana, reinforcing Duke Energy's commitment to local economies.
Duke Energy Corporation has issued a notice to redeem its outstanding 5.125% Junior Subordinated Debentures due January 15, 2073 (NYSE: DUKH). The redemption price is 100% of the principal, totaling $500 million, along with accrued interest up to October 7, 2021. The interest payment per debenture amounts to $0.2918402778. This action aligns with the company's focus on financial management as it aims to enhance its capital structure and support business objectives, including a commitment to sustainable energy solutions.
Duke Energy is enhancing support for customers in Indiana facing rising energy costs. The company is connecting past-due customers with utility assistance programs, including LIHEAP, which provides federal aid based on income. Additionally, the Indiana Emergency Rental Assistance Program offers funds for overdue rent and utility bills. Duke Energy's options, like Budget Billing and installment plans, aim to help customers manage their payments. The company emphasizes tracking energy usage through smart meters to aid bill management.
Duke Energy (NYSE: DUK) has completed the first phase of a two-part sale transaction with GIC, gaining $1.025 billion from an 11.05% minority interest sale in Duke Energy Indiana. The total transaction, which is valued at $2.05 billion, will support Duke Energy's $59 billion capex plan through 2025. GIC will hold a 19.9% indirect interest in Duke Energy Indiana. This deal reflects GIC's confidence in Duke Energy's commitment to clean energy and infrastructure investment, as well as the operational value of its Indiana subsidiary.
Piedmont Natural Gas has secured an agreement with consumer groups in North Carolina regarding its rate increase request, originally filed in March 2021. If approved by the North Carolina Utilities Commission, the new rates will be implemented in November 2021, resulting in an average monthly increase of $5.50 for residential customers. The total increase is projected at $74 million, lower than the initial $97 million requested. This settlement includes a return on equity of 9.6% and underscores the company's commitment to a reliable pipeline network while addressing infrastructure and safety improvements.
Duke Energy Florida plans to reduce the impact of new rates effective January 2022 by approximately 33%, or up to $4.67 monthly for residential customers using 1,000 kWh. The strategy includes spreading $247 million of unrecovered fuel costs over two years and postponing recovery of storm-related costs. As a result, the average monthly bill will increase by $9.24. The company aims to support low-income customers through enhanced energy efficiency programs and financial assistance, addressing the economic hardships exacerbated by the pandemic.
Piedmont Natural Gas, serving North Carolina, South Carolina, and Tennessee, is aiding customers facing financial difficulties due to energy bill challenges. The company has implemented various assistance programs, including flexible payment plans, and is informing customers about federal energy assistance options such as LIHEAP and the Emergency Rental Assistance Program (HOPE 2.0). These initiatives help manage utility expenses and offer resources for energy-saving tips. Piedmont emphasizes community support and aims to assist over 1 million customers effectively.
