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.
The Public Service Commission of South Carolina has approved two electric transportation pilot programs by Duke Energy, aiming to enhance EV infrastructure in the state. The programs include a Fast Charging initiative, featuring 60 fast chargers with a power output of 100 kW, and a Residential EV Charging program providing $1,000 incentives to 400 customers installing Level 2 charging stations. These developments are set to commence on January 1, 2021, and will facilitate EV market growth, reduce emissions, and promote fuel cost savings for residents.
Duke Energy Foundation has awarded 19 grants totaling over $235,000 through its "Powerful Communities" program in Indiana to support significant environmental initiatives. The funding will enhance water quality, conservation, and habitat restoration. Noteworthy recipients include the Indiana Natural Resources Foundation, receiving a $25,000 grant for the Indiana Tree Project, aiming to add 1,000 acres of forested land. The foundation contributes more than $30 million annually to community projects funded by Duke Energy shareholder dollars.
Duke Energy is set to release its third-quarter financial results on November 5, 2020, at 7 a.m. ET. The results can be found on the company's investor webpage. An earnings conference call for analysts will occur the same day from 10 to 11 a.m. ET, featuring Duke Energy's CEO Lynn Good and CFO Steve Young. The call is accessible through the investor section of their website or by phone. A replay will be available until November 15, 2020, and an audio transcript will also be posted online. Duke Energy serves over 7.8 million customers across six states.
Duke Energy and Accelerated Decommissioning Partners have finalized a significant transaction to expedite the decommissioning of the Crystal River Nuclear Plant in Florida, beginning in 2020 rather than the previously scheduled 2067, marking a nearly 50-year advancement. This decommissioning process, which includes the safe removal and disposal of radioactive materials, is overseen by the U.S. Nuclear Regulatory Commission. The fixed-price contract secures financial protection for customers and transfers cost risks to Accelerated Decommissioning Partners, ensuring no impact on customer bills.
Duke Energy Carolinas announced a reduction in electric rates for its South Carolina customers, effective October 1. A typical residential user consuming 1,000 kWh monthly will see a decrease of $6.81 (5.6%). Commercial customers will also experience similar reductions, averaging 5.6%, while industrial customers will see a notable 9.8% decrease.
The adjustments are part of the company's annual fuel cost recovery filing with the Public Service Commission of South Carolina, ensuring that no profits are made from the fuel rate. Duke Energy manages fuel contracts to minimize costs for its over 600,000 customers in the region.
Duke Energy has secured a $36 million contract to develop the largest floating solar plant in the Southeast at Fort Bragg, North Carolina. The 1.1-MW system will enhance energy resilience and security through infrastructure upgrades. Construction begins in November, with a 2-MW battery energy storage system integrated for backup during outages. This innovative project reflects Duke Energy's leadership in solar energy and aligns with federal energy infrastructure goals, promising significant cost savings and efficient energy use.
Duke Energy Foundation announced grants totaling $522,400 for environmental projects in North Carolina, aimed at enhancing access to nature and protecting local ecosystems. This funding aligns with Duke Energy's commitment to environmental stewardship, supporting initiatives like Asheville GreenWorks' 'Everybody's Environment' program, which promotes racial equity in environmental efforts. The Foundation contributes over $30 million annually, funded by shareholder dollars, demonstrating Duke Energy's dedication to community development and natural resource preservation.
The Duke Energy Foundation has awarded over $350,000 in grants to South Carolina organizations for environmental projects, wildlife conservation, and education. This funding supports 22 nonprofits and governments, with individual grants of up to $10,000 for various initiatives, such as trail maintenance and park beautification. The Foundation allocates more than $2 million annually for charitable causes in South Carolina, reflecting Duke Energy’s commitment to community support and environmental stewardship.
Piedmont Natural Gas announced the availability of renewable natural gas (RNG) at its compressed natural gas (CNG) fueling station in Nashville, Tennessee. This pipeline-quality biomethane reduces emissions footprint and supports sustainability for CNG vehicle fleets. With 43% of Piedmont's fleet running on CNG, the initiative aims to enhance environmental benefits, especially as RNG sourced from landfills is used. Piedmont operates 11 CNG fueling stations and plans to expand RNG availability, contributing to cleaner energy goals.
