Duke Energy Corp Stock Price, News & Analysis

Duke Energy Carolinas (NYSE: DUK) has filed a rate review request with South Carolina regulators, seeking an annual revenue increase of $150.5 million, representing a 7.7% increase over current revenues. If approved, the new rates would take effect March 1, 2026.

The proposal would increase monthly bills for typical residential customers using 1,000 kilowatt-hours from $136.82 to $147.19, a $10.38 increase. Commercial customers face an average 5.4% increase, while industrial customers would see approximately 5.2% higher rates.

The rate adjustment reflects investments in grid strengthening, storm readiness, and generation fleet maintenance serving nearly 680,000 retail electric customers across 18 South Carolina counties. The company's smart, self-healing technology has already demonstrated effectiveness during Hurricane Helene, automatically restoring over 35,000 customer outages and saving more than 153,000 hours of total outage time.

Duke Energy (NYSE: DUK) has set a new preliminary summer usage record of 35,269 MWh on June 24, 2025, surpassing the previous summer record of 34,439 MWh from July 2024. The achievement comes amid triple-digit temperatures in the Carolinas, where customers helped manage peak demand through conservation efforts.

Over 521,000 Carolinas customers participated in demand response programs during June 23-24. The company relies on a diverse energy mix including nuclear, natural gas, hydro, renewables, and coal to meet high demand periods. Duke Energy continues to expand its portfolio with plans for solar, energy storage, and new natural gas plants over the next five years.

The company has also outlined various energy-saving programs and initiatives for customers, including home energy assessments, rebates for equipment upgrades, and payment assistance options.

Duke Energy (DUK) has issued an urgent request for customers in North and South Carolina to reduce their electricity consumption during peak hours (3-8 p.m.) on June 23, 2025, due to high temperatures straining the power grid. The company provided several recommendations to help minimize energy usage, including adjusting thermostats to higher temperatures, postponing laundry, avoiding electric range/oven use, and turning off unnecessary appliances. Duke Energy, serving 8.6 million electric customers across six states, emphasizes that customer cooperation is crucial for maintaining grid stability and preventing potential isolated power outages. The company is actively managing power supplies while implementing ambitious energy transition plans, including grid upgrades and investment in cleaner generation sources.

Duke Energy (DUK) is proactively addressing the first summer heat wave in the Carolinas by providing customers with energy-saving strategies and financial assistance options. The company offers personalized usage alerts, customer programs, and incentives to help manage energy costs during peak temperatures. Key recommendations include optimizing thermostat settings, using cold water for laundry, running heat-producing appliances during cooler hours, and proper use of curtains and ceiling fans. Duke Energy provides free home energy assessments, Smart $aver® rebates for equipment upgrades, and bill credits through Power Manager® and EnergyWise® Home programs. The company also offers payment assistance through installment plans and partnerships with local agencies for qualified customers.

Duke Energy has released energy-saving tips and assistance programs for customers in the Carolinas as high temperatures approach. The company recommends setting thermostats to the highest comfortable setting, using cooler water for laundry, running heat-producing appliances during cooler morning hours, and proper use of curtains and ceiling fans. Duke Energy offers several customer programs including free home energy assessments, Smart $aver rebates for equipment upgrades, and bill credits through Power Manager/EnergyWise Home programs for shifting energy use. Financial assistance is available through Installment Payment Plans, Share the Light Fund, and Low Income Home Energy Assistance programs. Duke Energy serves 8.6 million electric customers across six states and 1.7 million natural gas customers across five states.

Duke Energy (NYSE: DUK) has successfully restored power to over 41,000 customers following severe storms in southwest Ohio and northern Kentucky. The storms, with wind gusts reaching 65 mph, caused approximately 48,000 power outages. As of 10:15 a.m. ET, about 7,000 customers remained without power. The company has deployed power line technicians, tree trimmers, and damage assessors to restore service, prioritizing major power lines and critical infrastructure like hospitals. Duke Energy Ohio/Kentucky serves 910,000 electric customers and 560,000 natural gas customers across both states. The company is providing real-time updates through their website, mobile app, and text alerts.

Duke Energy has successfully restored power to over 73,000 customers in Indiana following severe storms that caused more than 100,000 outages across 28 districts. As of 6 a.m. ET, approximately 31,000 customers remained without power. The company has deployed more than 500 additional crew members to assist in restoration efforts, particularly in heavily impacted areas including Bartholomew, Hamilton, Monroe, Union, and Vigo counties. The storms brought wind gusts up to 70 mph, causing significant damage to trees, power lines, and poles. Duke Energy is prioritizing repairs to major power lines and critical infrastructure like hospitals and water facilities, while providing customers with multiple ways to report outages including their mobile app, website, text messaging, and phone services.

Duke Energy (NYSE: DUK) has announced key leadership appointments effective July 1, with Pepper Natonski promoted to senior vice president of federal affairs, policy and sustainability, and Tom Craig elevated to vice president of federal affairs. Natonski, who joined Duke Energy a decade ago, brings extensive experience in delivering federal policy outcomes and has strong community connections across Duke's service territory. Craig, with over 10 years at Duke Energy, will lead the company's federal public policy strategy and represent Duke before Congress and federal agencies. These appointments come as Duke Energy, serving 8.6 million electric customers and 1.7 million natural gas customers across multiple states, executes its energy transition strategy focusing on grid upgrades and cleaner generation.

Duke Energy Indiana has reached a settlement with Reliable Energy Inc. regarding its proposed natural gas plant at the Cayuga Generating Station. The agreement includes conducting an engineering study to evaluate the potential sale of existing coal units to third parties after the new gas units become operational in 2029 and 2030. The settlement aligns with Indiana Governor Mike Braun's executive orders on coal unit evaluation and power supply expansion. Duke Energy Indiana will maintain its construction schedule and cost estimates for the new gas units while exploring the feasibility of continued coal unit operation by potential buyers. The company currently provides 6,300 megawatts of owned electric capacity to about 920,000 customers across a 23,000-square-mile service area in Indiana.