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 (NYSE: DUK) has launched 'Virtual Crew,' a customized virtual reality training service for energy companies and contractors across the U.S. This innovative training aims to enhance employee qualifications while providing compliance tracking in collaboration with Industrial Training Services (ITS). The program is projected to generate annual savings exceeding $500,000 in operational costs. Technicians utilizing VR training can complete tasks three times faster than those trained in traditional classrooms. Existing training modules cover essential skills such as natural gas leak detection and electric substation inspection.
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Duke Energy (NYSE: DUK) released its first-quarter 2021 financial results, highlighting its growth in serving 7.9 million customers across multiple states and its commitment to renewable energy. The company aims for a 50% carbon reduction by 2030 and net-zero emissions by 2050, with plans to expand renewable energy capacity to 16,000 megawatts by 2025. Duke Energy has also been recognized on Fortune's 'World's Most Admired Companies' list and Forbes' 'America's Best Employers' list.
Duke Energy declared a quarterly cash dividend of $0.965 per share on its common stock, payable on June 16, 2021, to shareholders of record by May 14, 2021. The company also announced a quarterly dividend of $359.375 per share on its Series A preferred stock, with the same payment schedule. Duke Energy has a strong dividend history, having paid cash dividends for 95 consecutive years. The company is positioned as a leader in renewable energy and aims for a 50% carbon reduction by 2030 and net-zero emissions by 2050.
Duke Energy, at its annual shareholder meeting on May 6, 2021, highlighted its significant progress in clean energy initiatives and customer satisfaction. The company achieved over 40% carbon reduction from 2005 levels and aims for a 50% reduction by 2030, with a net-zero goal set for 2050. Notable accomplishments include over 700 MW of new solar and wind projects and a $450 million mitigation plan amid the pandemic. Duke Energy also reported continued dividend payments for 95 consecutive years and established key partnerships for further investments, reinforcing its commitment to clean energy and customer service.
Duke Energy has been named a Tree Line USA utility by the Arbor Day Foundation for the 15th consecutive year, recognizing its effective tree care practices in Florida. This status reflects Duke Energy's commitment to safe and reliable electric service while promoting healthy trees. The company achieved this by adhering to industry standards, providing training, and engaging in community education programs. Additionally, Duke Energy offered over 1,100 free trees through its Energy-Saving Trees program, benefiting customers while helping conserve energy.
Duke Energy (NYSE: DUK) aims to enhance its renewable energy production significantly by 2030, targeting a tripling of output from renewable sources. Currently, 7% of its electricity comes from renewables, expected to grow to 23%. The company plans at least a 50% reduction in carbon emissions by 2030 and aims for net-zero by 2050. Furthermore, Duke Energy is retiring coal plants, with 52 retired since 2010, and is investing in renewable projects across several states. The firm reported a 40% drop in CO2 output since 2005, while its electricity rates remain below the national average.
Duke Energy has completed the installation of nearly 2 million smart meters in Florida, enhancing customer service and energy management. This multiyear effort aims to provide customers with improved access to their electricity usage data, enabling quicker outage responses and personalized billing options. The smart meters will allow customers to track their energy consumption and receive alerts, ultimately helping them make informed decisions about their energy usage. This initiative is part of Duke Energy's strategy to create a smarter energy future and better meet the evolving needs of its 1.9 million Florida customers.
Duke Energy (NYSE: DUK) has launched Duke Energy Sustainable Solutions, a new brand consolidating its renewable energy products and services. This initiative aims to provide tailored clean energy and resilient infrastructure solutions to businesses, government organizations, and educational institutions across the U.S. The brand positions itself as a strategic partner in achieving sustainability and resiliency goals, leveraging Duke Energy's extensive industry expertise. The company targets a 50% carbon reduction by 2030 and net-zero emissions by 2050, supporting over 1,000 projects with more than 5,100 megawatts of nonregulated renewable energy.
Duke Energy has allocated over $1 million in grants to 51 organizations in North Carolina to help mitigate pandemic-related learning losses among students. This initiative aims to support vulnerable communities through summer learning, tutoring, and supplemental educational opportunities. Notable recipients include Durham Public Schools, which received $25,000 for outdoor learning programs. This grant is part of Duke Energy's broader commitment, which saw the foundation contribute more than $30 million annually, funded by shareholder dollars.
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