Duke Energy Corp Stock Price, News & Analysis

Piedmont Natural Gas, a Duke Energy (NYSE: DUK) subsidiary, announces that mayors across the Carolinas and Tennessee have proclaimed December 12, 2024, as 'Share the Warmth Day'. The initiative supports Piedmont's long-running program providing emergency funding for energy bill assistance to neighbors in need, regardless of energy source.

Through the Round Up program, customers can contribute by having their monthly bills rounded up to the nearest dollar, with 100% of the difference going to Share the Warmth. The program, running since 2003, ensures all collected funds help neighbors in the contributing communities through local nonprofit partners.

Piedmont Natural Gas currently serves over 1.2 million customers across three states and recently earned the No. 1 spot in customer satisfaction with residential natural gas service in the South among large utilities.

Duke Energy Florida and Duke Energy Foundation have provided a $100,000 grant to support Pinellas County Schools' Future Cities program and enhanced experiences at Enterprise Village and Finance Park. The grant will help middle school students explore sustainable solutions for energy, land conservation, and environmental issues. The company also renewed its sponsorship of Enterprise Village and Finance Park, which served over 14,000 students last year.

Duke Energy has upgraded its storefronts to showcase energy efficiency jobs and innovative tools, including thermal cameras and virtual reality experiences. The company's total donations to Pinellas Education Foundation now exceed $4 million over nearly four decades of support.

Duke Energy Foundation has announced $285,000 in grants to support environmental vitality and resiliency across Florida. Ten environmental organizations will receive funding for various initiatives focused on improving Florida's habitat and waterways. Bok Tower Gardens in Polk County is among the recipients, using funds to build a healthy wildlife and pollinator corridor.

The grants support diverse projects including wildlife corridor preservation, wetland improvements, bird protection, and coastal resiliency. Over the past five years, the Duke Energy Foundation has committed more than $3 million to ecological initiatives and natural disaster response in Florida. The Foundation, funded by Duke Energy shareholders, provides over $30 million annually in philanthropic support across its service areas.

Duke Energy Foundation and the Indiana Economic Development Association Foundation are jointly committing $150,000 in grants to improve access to affordable child care in Indiana communities. This follows a previous $100,000 funding round last year. Organizations can apply for grants up to $40,000 by January 31, 2025, with awards announced in March 2025.

The initiative addresses significant economic impacts revealed in an Indiana Chamber of Commerce report, which found that child care shortfalls cost Indiana's economy an estimated $4.22 billion annually, including $1.17 billion in lost tax revenue. Currently, only 61% of children needing care can be served through existing capacity.

Duke Energy highlights the important role of its 7,500 power plant workers across six states who maintain and operate more than 115 power plants. The article focuses on Emily Jones, an electrical engineer at Gibson Steam Station, Duke Energy's largest power plant, who represents the workforce ensuring reliable power generation for 8.4 million customers.

The company operates diverse energy facilities including coal, solar, natural gas, hydro, and nuclear, generating over 54,000 megawatts of energy. Duke Energy celebrates Power Plant Worker Appreciation Day on November 1, recognizing these workers' contributions to maintaining reliable energy supply.

The article emphasizes Duke Energy's commitment to future energy transition, exploring new technologies such as advanced nuclear, carbon capture, long duration energy storage, and hydrogen.

Piedmont Natural Gas, a Duke Energy (NYSE: DUK) subsidiary, has secured the top position in residential customer satisfaction among large gas utilities in the South region, according to the J.D. Power 2024 Gas Utility Residential Customer Satisfaction Study. This marks the third consecutive year Piedmont has achieved this distinction, outperforming seven other utilities in the South Large segment.

The company excelled particularly in billing and payment, corporate citizenship, and customer care categories. The study's findings are based on 63,363 online interviews conducted from January through October 2024, encompassing 86 largest gas utility brands serving over 64.6 million households across the United States.

Piedmont Natural Gas serves more than 1.2 million customers across North Carolina, South Carolina, and Tennessee, providing natural gas to residential, commercial, industrial, and power generation customers.

Duke Energy announced over $300,000 in surprise microgrants ('surcees') to support food security initiatives across South Carolina, part of a larger $500,000 monthlong campaign. The initiative benefits more than 70 feeding programs, including Mill Village Farms, Second Harvest Food Bank, and FoodShare South Carolina.

The unexpected funding supports smaller agencies managing senior mobile food programs, weekend backpack efforts, and food pantries. Duke Energy employees volunteered throughout the month, helping pack and distribute food boxes. The company also emphasizes helping customers manage energy bills while facing food insecurity, directing them to resources at duke-energy.com/SeasonalSavings.

Duke Energy Florida launches '12 Days of Savings' campaign, offering daily energy efficiency tips from December 3-14 to help customers reduce electricity bills during the holiday season. The initiative includes practical suggestions like replacing air filters, adjusting ceiling fan directions, optimizing thermostat settings, and installing LED bulbs. The company offers free Home Energy Checks for residential customers and Business Energy Checks for commercial clients to identify additional savings opportunities. Duke Energy Florida serves 2 million customers across a 13,000-square-mile service area with 12,300 megawatts of energy capacity.

Duke Energy Indiana is allocating nearly $300,000 in financial assistance through its Share the Light Fund to help customers with winter energy bills. The fund, supported by Duke Energy shareholders, customers, and employees, allows qualifying customers to receive up to a $300 annual account credit. Over the past year, the company has provided more than $650,000 in energy bill assistance to over 2,000 Indiana households. Eligibility is based on income, family size, and resource availability. The company partners with the Indiana Community Action Association to distribute funds and offers additional tools including Usage Alerts and free Home Energy House Calls to help customers manage energy consumption.