Duke Energy Corporation reports developments tied to one of the largest regulated utility platforms in the United States. The company operates electric utilities serving customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and natural gas utilities in North Carolina, South Carolina, Ohio and Kentucky.
Recurring news themes include quarterly financial results, common and preferred stock dividends, electric grid modernization, generation investments, customer cost initiatives, and regulatory approvals affecting power plants and utility service. Company updates also cover nuclear generation, natural gas and other resource additions, federal and state regulatory matters, and Duke Energy Foundation community programs in the utility territories it serves.
Duke Energy has launched the "Hire North Carolina" program aimed at promoting economic development and supporting local communities. This initiative focuses on utilizing locally owned and diverse contractors for utility projects exceeding $700,000 in North Carolina. In 2019, Duke invested over $1.7 billion with local suppliers, including $316 million with diverse businesses. The program includes outreach to educational institutions to raise awareness about career opportunities in energy and construction fields. Duke Energy is committed to transparency by providing annual progress reports to the North Carolina Utilities Commission.